Status of railroad economic regulation : hearing before the Subcommittee on Railroads of the Committee on Transportation and Infrastructure, House of Representatives, One Hundred Eighth Congress, second session, March 31, 2004.

This examination of the relationship of the economy to political process in the United States from 1877 to 1916 shows how the railroad industry encouraged and relied on national politics to solve its economic problems, and created a precedent for government regulation of the economy in the twentieth century. The continuity in governmental regulation from 1877 to 1900, in the Progressive Era, and in the administrations of Roosevelt, Taft, and Wilson are pointed out. The origin of each major federal railroad act and contending forces is analyzed. Federal regulation of the railroads, probably the most important example of federal intervention in the economy from the Civil War to World War I is used as a key in reassessing the motives behind Progressivism. Originally published in 1965. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

"TRB Special Report 318: Modernizing Freight Rail Regulation examines the future role of the Surface Transportation Board (STB) in overseeing and regulating the service levels and rate offerings of railroads. This congressionally-requested report recommends approaches to resynchronize a regulatory program that has become outdated. The U.S. freight railroad industry has modernized and has become financially stable since the Staggers Rail Act of 1980, but the study committee finds that some of the industry's economic regulations have not kept pace and should be replaced with practices suited to today's freight rail system. The study committee finds that more appropriate, reliable, and usable procedures are needed for resolving rate disputes. The committee recommends that Congress should prepare to repeal the formula for eligibility for rate relief and should direct the U.S. Department of Transportation to develop a screening tool that compares disputed rates with rates charged in competitive rail markets. Current methods make artificial and arbitrary estimates of the cost of rail shipping. Adjudication can cost millions of dollars, and some cases have taken years to resolve, deterring shippers with smaller claims. Simplified methods that are economically valid and practical have yet to be introduced. The study committee recommends that STB replace hearings on the reasonableness of rates with arbitration hearings that compel faster, more economical resolutions. Merger reviews should be transferred to antitrust agencies, according to the committee, which also recommends that STB collect and analyze shipment-level data on service quality in overseeing the railroads' response to common carrier service obligations."