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Rail industry marks 40 years of transformation under Staggers Act

from Progressive Railroading

Today marks the 40th anniversary of the Staggers Rail Act of 1980, which partially deregulated the U.S. freight-rail industry so that railroads could operate in a competitive market place. Signed by President Jimmy Carter on Oct. 14, 1980, the act and its implementation by the Interstate Commerce Commission — now the Surface Transportation Board (STB) — lifted many restraints on railroads so that they could set their own rates and adjust their services to meet shippers' needs. more

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