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Railroads Struggle to Deliver Coal to Utilities

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[quote]QUOTE: Originally posted by MichaelSol Congress, in passing the Staggers Act, wanted to put an end to ratemaking practices involving railroad cross-subsidization and other inefficiencies." GENERAL AMERICAN TRANSPORTATION CORPORATION, ET AL., PETITIONERS V. INTERSTATE COMMERCE COMMISSION AND UNITED STATES OF AMERICA, (DC circuit, 1989) 872 F.2d 1048. Title 49, Sec. 10101. Rail transportation policy In regulating the railroad industry, it is the policy of the United States Government - (1) to allow, to the maximum extent possible, competition and the demand for services to establish reasonable rates for transportation by rail; (3) to promote a safe and efficient rail transportation system by allowing rail carriers to earn adequate revenues, as determined by the Board; (4) to ensure the development and continuation of a sound rail transportation system with effective competition among rail carriers and with other modes, to meet the needs of the public and the national defense; (6) to maintain reasonable rates where there is an absence of effective competition and where rail rates provide revenues which exceed the amount necessary to maintain the rail system and to attract capital; (9) to encourage honest and efficient management of railroads; (12) to prohibit predatory pricing and practices, to avoid undue concentrations of market power, and to prohibit unlawful discrimination; It's the law. [/quote] Well, that seems to be fairly straightforward. It would be impossible for a person of reasonable intelligence to "agree to disagree" on the above caveats.[;)]
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