The American railroad industry: Twenty years after staggers

Air cargo deregulation has been a success story, since both carriers and sh ippers are generally satisfied with its results. Conversely, deregulation o f the railroad industry, the topic of this paper, is considerably more cont roversial. While railroads have exploited the relaxed rules since 1980, the ir customers (shippers) are complaining about lack of competition, high rat es and poor service. In response, Congress is considering re-regulation of the railroad industry.