Railroad regulation

Railroad regulation refers to the legal framework and oversight governing the operation of railroads to ensure safety, efficiency, and fair practices. In many countries, a government agency sets rules about pricing, service quality, and safety standards. The aim is to protect consumers, promote competition, and ensure that railroads operate reliably while preventing monopolistic behavior. This regulation also involves monitoring the infrastructure and addressing environmental impacts, ensuring that railroads contribute positively to the economy and society. Overall, it helps balance the interests of rail companies, their customers, and the public.