Rail Freight Deregulation

Rail freight deregulation refers to removing government controls over the rates, services, and operations of freight railroads. Unlike regulated periods where prices and routes were set by authorities, deregulation allows rail companies to set their own prices and choose routes based on market demand and competition. This aims to increase efficiency, reduce costs, and foster innovation. However, it also requires careful oversight to ensure fair practices and prevent monopolistic behavior, balancing commercial freedom with the need for fair service and pricing for shippers and consumers.