New Rule Proposed to Improve Railroad Service through Increased Competition

**Key take-aways:**
– New rule proposed to allow companies with bad railroad service to seek bids from other railroads.
– Currently, companies with plants served by only one railroad have no alternatives.
– Rule change aimed at improving competition and overall service quality in the railroad industry.

In an effort to improve competition and overall service quality in the railroad industry, a new rule has been proposed that could allow companies with plants served by only one railroad to seek bids from other railroads if their service is deemed unsatisfactory. Currently, companies in such situations have no alternatives and must solely rely on the existing railroad for their transportation needs. This proposed rule aims to give these companies more options and potentially motivate railroads to improve their service to retain customers. By introducing competition into the equation, it is hoped that this change will promote efficiency and better customer experiences. The rule change is currently under consideration and will have to go through a review process before being implemented.

**Hot take:** It’s about time that these companies have more control over their transportation options! This rule change is a positive step towards improving service quality in the railroad industry. Competition breeds excellence, and by allowing companies to seek bids from other railroads, we can promote efficient and reliable transportation for businesses across the country. It’s high time we get back on track!



This blog post has been generated using the information provided in the article:”STB Rule May Help Boost Competition for Railroad Shipments” by “Josh Funk”.

Check it out at: https://www.ttnews.com/articles/stb-competition-railroads.

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