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Tuesday, July 14, 2020 | History

4 edition of The profitability of railroads after enactment of the Staggers Rail Act of 1980 found in the catalog.

The profitability of railroads after enactment of the Staggers Rail Act of 1980

The profitability of railroads after enactment of the Staggers Rail Act of 1980

by Stephen J. Thompson

  • 150 Want to read
  • 32 Currently reading

Published by Congressional Research Service, Library of Congress in [Washington, D.C.] .
Written in English

    Subjects:
  • United States.,
  • Railroad law -- United States,
  • Railroads -- United States -- Finance,
  • Railroads -- United States -- Rates

  • Edition Notes

    Other titlesStaggers Rail Act of 1980
    SeriesCRS report -- no. 85-110 E, Report (Library of Congress. Congressional Research Service) -- no. 85-110 E, Major studies and issue briefs of the Congressional Research Service -- 1985-1986, reel 13, fr. 001046
    ContributionsLibrary of Congress. Congressional Research Service
    The Physical Object
    FormatMicroform
    Pagination22 p.
    Number of Pages22
    ID Numbers
    Open LibraryOL15454816M

      2. American railroads had been in deep decline throughout the Twentieth Century, as measured by losses of freight and passenger market share, employees, track mileage, and stock market value – until passage of the Staggers Rail Act of triggered a Renaissance for the Channel: Railway Age

    Rail Transportation of Coal to Power Plants: Reliability Issues Summary Half the nation’s electricity comes from coal, and most of that coal is delivered to power plants by railroads. The reliable supply of coal by rail is therefore important to the electric power system. Concern over reliable deliveries of coal and other commodities, limited rail system capacity, and related issues such as   Boyer () examined the effect of the Staggers Act of and the Motor Carrier Act of on accidents from the mids to the mids for the railroad and the trucking industries. Noting that many railroad accidents are at rail-highway crossings, he concludes that “trucking deregulation may have had a more important impact on

    2. Literature review Regulation Prior to passage of the Staggers Act in , railroads were heavily regulated and financially troubled. Rules set by the Interstate Commerce Commission (ICC) forced railroads to charge regulated rail rates based on the value of goods hauled rather than the shipment :// Before the passage of the Staggers Act of For 75 years before the Staggers Act, the railroads were heavily regulated with no freedom to adjust their prices in response to market conditions. Between the passage of the Staggers Act of and the early s. After


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The profitability of railroads after enactment of the Staggers Rail Act of 1980 Download PDF EPUB FB2

Get this from a library. The profitability of railroads after enactment of the Staggers Rail Act of / by Stephen J. Thompson. [Stephen J Thompson; Library of Congress. Congressional Research Service.]   See Stephen J. Thompson, "The Profitability of Railroads After Enactment of the Staggers Rail Act of ," Congressional Research Service Report No.

E, May 8, [email protected] According to   Chow () studied post-Staggers rail grain rates for the Central Plains region. The analysis indicated an overall reduction in wheat rail rates of % in the five-year period after enactment of the Staggers Act, with the most significant reductions occurring in movements to the export The name, “Staggers Rail Act,” hasn’t traveled well over time.

Worse, it often is truncated by its rail industry defenders to “Staggers Act,” removing even a slight hint of its province.

Consider that but nine of the current members of the House and Senate were in office upon the enactment of the Staggers Rail Act.*   This article is part of the history of rail transport by country series. Wooden railroads, called wagonways, were built in the United States starting from the s.

A railroad was reportedly used in the construction of the French fortress at Louisburg, Nova Scotia, in New France (now Canada) in Between andat the close of the French and Indian War (–), a gravity By the late s economic regulation had lost favor among policymakers and first the airlines were deregulated followed in by the interstate trucking industry and enactment of the Staggers Rail Act, which also substantially deregulated the nation’s freight railroads.

The Staggers Act was passed in large part in reaction to the parlous //it-is-time-to-take-a-fresh-look-at-rail-regulation. Full text of "Staggers Rail Act of hearing before the Subcommittee on Surface Transportation of the Committee on Commerce, Science and Transportation, United States Senate, Ninety-seventh Congress, first session, on oversight of Staggers Rail Act ofNovem " See other formats   A rough calculation of annual total welfare gains in the United States from rail deregulation resulting from the Staggers Act would include something on the order of $ billion to $ billion in lower rates to shippers, $5 billion to $10 billion in reduced inventory-related logistics costs, slightly less than $ million in higher profits In short, the Staggers Act has created a renewed sense of urgency to accept marketing principles, understand them and put them to use.

On Track to Profitability. Recent data show that railroads now account for nearly 40 per cent of total U.S. freight tonnage hauled inup from just over 37 per cent in   railroads from over in the mids to 35 in The Staggers Rail Act in served as a turning point for freight rail industry.

The act removed restrictive regulations, making the railroads more competitive with its principal competitor, trucking.

Moreover, the act made it easier for railroads to abandon unprofitable :// Dakota State Rail Plan. Those efforts led to Congress' enactment of the Staggers Rail Act ofwhich largely freed the railroads from ICC oversight and gave them the freedom to introduce flexible ://   Freight Railroads: Highlights of GAO Report on Freight Rail Industry Performance, Competition, and Capacity: GAOR [U.S.

Government Accountability Office (G] on *FREE* shipping on qualifying offers. Over 25 years ago, Congress transformed federal freight rail transportation policy. At that time, after almost years of economic  › Books › Politics & Social Sciences › Politics & Government.

The best gains have been wrought only since in the wake of congressional deregulation of major aspects of the industry through the Staggers Rail Act (P.L. Prior to Staggers, any shipper could effectively block any individual rate The Staggers Rail Act sought to enable such changes, which had been hindered for decades by the federal regulatory regime.

The Staggers Rail Act ended restrictions on rate setting that had made price competition among railroads nearly nonexistent and that had detracted from the ability of railroads to compete with barges and :// Abstract.

One of the primary purposes of the Staggers Act of was to increase the profitability of the railroad industry. The paper examines the industry’s financial performance from to and provides evidence that railroads outperformed most other industries from pre- to post-deregulation using accounting-based :// In Congress enacted the Staggers Rail Act to revive freight traffic, by removing restrictive regulations and enabling railroads to be more competitive with the trucking industry.

The Northeast Rail Service Act of authorized additional deregulation of northeast railroads. Among other things, these laws reduced the role of the ICC in The book's second act covers the late s, after Rock Island declared bankruptcy following the failure of the UP merger.

The Rock Island, unlike Penn Central, was not too big to fail, but management hoped that RI could benefit from federal aid under the Regional Rail Reorganization Act of   After a mistaken and costly step in nationalizing a variety of failed railroads, the railroad industry only returned to health and profitability after Congress passed and President Jimmy Carter signed into law the Staggers Rail Act of The Staggers Act partially deregulated railroads in terms of setting prices for services and setting rail Two reform acts, the Staggers Railroad Act of and the Railroad Revitalization and Regulatory Reform Act ofrepresented big changes in U.S.

policy toward ://   InPresident Nixon created a government sponsored company called Consolidated Rail Corporation from various collapsed Northeastern railroads. The freight industry continued its decline until Congress passed the Staggers Rail Act inwhich largely deregulated the rail industry and returned it to.

Finally, the Staggers Rail Act was passed in This allowed for several new freedoms, including the freedom to set rates unless there was no effective rail competition, rail shippers and carriers were free to establish contracts without review unless the contract service interfered with the rail carrier’s ability to provide common carrier The Staggers Rail Act gave railroads substantial freedom to set rates but restricted this freedom for common carrier rates when the service is supplied in markets lacking “effective competition.” 1 These rates are not regulated directly, but they can be challenged by a shipper after the fact.

The law states that in markets in which a railroad has “market dominance,” its common carrier The SBE Council claims the railroad industry only returned to health and profitability after President Jimmy Carter signed into law the Staggers Rail Act of The act partially deregulated railroads by setting rail rates and prices for services, making decisions regarding routes usage, and establishing shipper contracts that allowed freight