Smart rail regulations benefit California consumers

For much of the 20th century, crippling regulations prevented the American freight rail industry from operating at anything more than substantial losses. By 1980, the entire industry was on the brink of bankruptcy, and consumers were forced to absorb higher prices. But since then, regulatory reform has paved the way for a booming rail industry, which has produced major benefits for California consumers and the state’s economy.
The regulation of freight rail dates back to the creation of th