RAILROAD VOLUME COAL RATES: A PROLIFIC SOURCE OF REGULATORY INTERVENTION

This review evaluates an hypothesis that a regulated firm, in seeking approval to employ a specific innovative device to improve its well-being, is constrained through the regulatory process from maximizing the benefits which it would expect to derive from a less restrictive system or from a free-market environment. New concepts for pricing the movement of bulk commodities in volume has led to a continuous stream of regulatory and judicial proceeedings involving the railroads. In the case of steam coal, shippers and receivers formerly were supportive of railroads' position while more current litigation finds users of rail service as the principal adversaries. ICC has responded by its decision "Change of Policy Railroad Contract Rates" in November 1978. The extent to which adoption of this policy may reduce litigation attending introduction of an innovative service or pricing scheme cannot yet be conjectured.

  • Availability:
  • Supplemental Notes:
    • Proceedings of the Twentieth Annual Meeting of The Transportation Research Forum, "Transportation Alternatives in a Changing Environment", held October 29-31, 1979, Drake Hotel, Chicago, Illinois.
  • Corporate Authors:

    Cross (Richard B) Company

    Oxford, Indiana,   USA  47971
  • Authors:
    • Sloss, J
  • Publication Date: 1979

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00302345
  • Record Type: Publication
  • Report/Paper Numbers: Vol. 20 No. 1 Proceeding
  • Files: TRIS
  • Created Date: Dec 29 1979 12:00AM