Morning Transportation
Politico cites CEI’s coalition letter to Congress on the STB revenue adequacy hearing:
A coalition of free market groups, led by the Competitive Enterprise Institute, wrote to members of Congress this week alerting them to a Surface Transportation Board hearing next week. The hearing will include discussion of a proposal to change the way the freight rail regulator reviews rate disputes. “Congress has made substantial efforts to reduce heavy-handed railroad regulation, including the expansion of strict rate regulation,” the letter reads. “The potential for the STB to use revenue adequacy as a means to institute price controls is deeply troubling.”