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Case for Reform: USDA Study Highlights Railroad Monopoly Abuse
A detailed new report on rural transportation issues released by the U.S. Department of Agriculture and the U.S. Department of Transportation includes dramatic findings about the cost to American farmers and consumers from the lack of competition in the freight rail industry. Click here for more information. To read the report, click here. 2010 Rail Customer Day Highlights
Meanwhile, the major freight railroads are exploiting their monopoly pricing power, even in the midst of the nation’s deepest economic recession in over 70 years The fourth quarter 2008 financial reports of the four major freight railroads showcase their ability to use their unrestrained monopoly pricing power to increase company revenues, even with declining volumes of traffic! The railroads are sparing no expense to protect this monopoly power. They have launched a multi-million dollar lobbying and public relations effort, as well as an expensive advertising campaign that included ads during the Super Bowl that ran in at least the Washington, D.C. area. As these monopoly price increases impact consumers, agriculture, and the nation’s manufacturing sector, CURE’s coalition continues to grow. These diverse groups are working to support the efforts of our Congressional leaders to curb railroad monopoly pricing power. Please contact CURE if you would like to join our effort. Together we can achieve improved national rail policy for rail customers in this Congress. |
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