The Anti-Dog-Eat-Dog Rule in Reverse is Headed for Reality
Interesting how this parallels not only the book, but the industry in the book. From the WP ...: The industry is under threat from U.S. regulators weighing a proposal that would smother freight rail growth and have a cascading impact on freight rail’s ability to deliver goods and products. This nimble and market-responsive industry would be stopped in its tracks. At issue is a proposal from a small group of rail customers seeking to lower the price they pay for freight rail service under the guise of competition. The proposal would require that at least two Class I railroads be available to compete for freight carloads, even if the tracks of only one railroad serve a shipper’s facility.
And after all that, AT and T is recombined as AT and T.
I'm bothered by statements like: "Rail industry leaders say that forced competition could mean an annual revenue loss of $7.9 billion. Rail companies would have less money to maintain and expand the nation’s 140,000-mile rail network."