AAR challenges Senate study, regulatory legislation

09/16/2010 | Wall Street Journal, The · Google · Journal of Commerce, The

The railroad industry challenged a Senate study criticizing railroad earnings, saying that a reduction in regulations in the 1980s helped make freight railroads "a true American success story." The study ignored the industry's own $42 billion investment in maintaining and upgrading tracks, according to the Association of American Railroads. "Imposing new Washington regulations will undermine railroads' ability to sustain the private investments in the nation's rail network that supports both freight and passenger rail," said AAR President Edward Hamberger.

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Wall Street Journal, The · Google · Journal of Commerce, The