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 <subject>Competition</subject>
 <subject>Economic analysis</subject>
 <subject>Freight transportation rates</subject>
 <subject>Prices and pricing</subject>
 <subject>Railroad industry</subject>
 <subject>Railroad regulation</subject>
 <subject>Shipping industry</subject>
 <subject>Strategic planning</subject>
 <subject>Policy evaluation</subject>
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<titleInfo>
 <title>Freight Railroads: Highlights of GAO Report on Freight Rail Industry Performance, Competition, and Capacity</title>
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<abstract>Over 25 years ago, Congress transformed federal freight rail
transportation policy. At that time, after almost 100 years of	 
economic regulation, the railroad industry was in serious	 
economic decline, with rising costs, losses, and bankruptcies. In
response, Congress passed the Railroad Revitalization and	 
Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980. 
Together, these pieces of legislation substantially deregulated  
the railroad industry. Since the passage of the Staggers Rail Act
in 1980, we have issued several reports on the freight railroad  
industry. In October 2006, we issued our most recent report on	 
the freight rail industry. The objectives of this report were to 
determine (1) the changes that have occurred in the freight	 
railroad industry since the enactment of the Staggers Rail Act,  
including changes in rail rates and competition in the industry; 
(2) the actions STB has taken to address concerns about 	 
competition and captivity and any alternative approaches that	 
could be considered to address remaining concerns; and (3) the	 
projections for freight traffic demand over the next 15 to 25	 
years, the freight railroad industry&apos;s ability to meet that	 
demand, and potential federal policy responses.</abstract>
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<identifier type="preferred citation">GAO-07-207R</identifier>
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<note>Correspondence</note>
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<subject>
 <topic>Competition</topic>
 <topic>Economic analysis</topic>
 <topic>Freight transportation rates</topic>
 <topic>Prices and pricing</topic>
 <topic>Railroad industry</topic>
 <topic>Railroad regulation</topic>
 <topic>Shipping industry</topic>
 <topic>Strategic planning</topic>
 <topic>Policy evaluation</topic>
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