Rail Reregulation Rejected by Eastern Region of Council of State Governments
WASHINGTON — The Eastern Regional Conference of the Council of State Governments has come out against schemes to reregulate the nation’s freight railroads. In a resolution passed August 13 by the group’s executive committee, the Council warned that congressional proposals to reregulate the railroads “may significantly reduce income and in turn reduce the ability (of railroads) to raise capital needed for future infrastructure expansion.” The northeastern region of the U.S. “will require significant railroad corridor development through railroad company/state government partnerships to accommodate future goods and passenger movement,” according to the resolution. The resolution notes that expanding the capacity of