Sen. Elizabeth Warren is advocating against a proposed merger between two large rail companies that she says would only compound problems within the industry.
between Canada, the U.S. and Mexico that also runs from coast to coast of North America.
“Since the deregulation of the rail industry by the Staggers Act in 1980, consolidation has rapidly accelerated, with the number of Class I railroads decreasing from 33 in 1980 to just seven now. This proposed merger would reduce this number to just 6,” Warren wrote. “This merger would give the new company additional leverage over competitors, and has shippers worried that they’ll be left with no alternative rail shipping options.
The lawmaker went on to warn that greenlighting the merger could worsen rail service and result in “significant” job losses, as currently exacerbated by the railroad industry’s use of Precision Scheduled Railroading,
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