Sen. Elizabeth Warren is advocating against a proposed merger between two large rail companies that she says would only compound problems within the industry.
between Canada, the U.S. and Mexico that also runs from coast to coast of North America.
“Since the deregulation of the rail industry by the Staggers Act in 1980, consolidation has rapidly accelerated, with the number of Class I railroads decreasing from 33 in 1980 to just seven now. This proposed merger would reduce this number to just 6,” Warren wrote. “This merger would give the new company additional leverage over competitors, and has shippers worried that they’ll be left with no alternative rail shipping options.
The lawmaker went on to warn that greenlighting the merger could worsen rail service and result in “significant” job losses, as currently exacerbated by the railroad industry’s use of Precision Scheduled Railroading,
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health Pros Demand US Regulators Stop Fracked Gas Pipeline Expansion'We see the impact the climate crisis has on people each and every day. And we have a responsibility to sound the alarm,' said one doctor. 'We urge FERC to prioritize the health of our most vulnerable communities over profit.'
Read more »
Bruce Willis' wife urges paparazzi to stop yelling at her husband in public after dementia diagnosisBruce Willis' wife, Emma Heming Willis, has urged paparazzi to stop yelling at the 'Die Hard' actor and keep some distance when he is out in public.
Read more »
Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: ReportGensler was approached by the crypto firm in 2018 and 2019, while teaching at the Massachusetts Institute of Technology.
Read more »
Regulators order Xcel Energy to file fees for solar hookups, proposed refundsState regulators have ordered Xcel Energy-Colorado to file fees and timelines for connecting residential and business solar systems to the electric grid. The order comes more than a year after regu…
Read more »
Regulators Worry About Florida's Butt Lift BoomSocial media lures people to South Florida's lucrative cosmetic surgery scene with the promise of cheap Brazilian butt lifts. But some say that the risks of the procedure are not understood by patients.
Read more »
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6Stricter regulations for crypto in France, brand new economic zone for digital assets in the UAE and other major news from all over the world in this week's Law Decoded.
Read more »