Keating in The Hill: Imposing Regulations on Railroad Industry Will Harm Small Business

By at 6 March, 2018, 10:43 am

March 7 is Railroad Day 2018 and in an Op-ed in The Hill commemorating the day and its importance to small businesses and entrepreneurs, SBE Council chief economist Raymond Keating writes about the big role small businesses play in the freight railroad system and why re-regulation is a very bad idea.  He writes:

“As the American economy grows, U.S. freight shipments are expected to grow by more than 40 percent from 2015 and 2040. So, it’s important that the best policy environment be established to incentivize the entrepreneurship, investment and innovation.

“Therefore, any relapses into a regime of over-regulation — such as that prevailing before partial economic deregulation — would bode ill for railroads in terms of their ability and incentive for investment, for rail maintenance and safety, and for their ability to compete in the freight transportation marketplace with, for example, trucking. Over-regulation would generate assorted negatives, such as higher costs and reduced service for the small businesses in the broader railroad sector, in sectors serving railroads, in the many sectors served by railroads, and for consumers in general.”

Read the full piece here.

News and Media Releases