Describe the key statements with on national transportation policy with respect to the rail road industry that were included in the Interstate Commerce Commission Termination Act of 1995 (Public Law 104-88):

Answer 1

In regulating the railroad industry, it is the policy of the United States Government:
(1) to allow, to the maximum extent possible, competition and the demand for services to establish reasonable rates for transportation by rail;
(2) to minimize the need for Federal regulatory control over the rail transportation
system and to require fair and expeditious regulatory decisions when regulation Is required;
(3) to promote a safe and efficient rail transportation system by allowing rail carriers
to earn adequate revenues, as determined by the Board;
(4) to ensure the development and continuation of a sound rail transportation
system with effective competition among rail carriers and with other modes, to meet the needs of the public and the national defense;
(5) to foster sound economic conditions in transportation and to ensure effective
competition and coordination between rail carriers and other modes;
(6) to maintain reasonable rates where there is an absence of effective competition and where rail rates provide revenues which exceed the amount necessary to
maintain the rail system and to attract capital;
(7) to reduce regulatory barriers to entry into and exit from the industry;
(8) to operate transportation facilities and equipment without detriment to the public health and safety;
(9) to encourage honest and efficient management of railroads;
(10) to require rail carriers, to the maximum extent practicable, to rely on
individual rate increases, and to limit the use of increases of general applicability;
(11) to encourage fair wages and safe and suitable working conditions in the railroad industry;
(12) to prohibit predatory pricing and practices, to avoid undue concentrations of market power, and to prohibit unlawful discrimination;
(13) to ensure the availability of accurate cost information in regulatory proceedings,
while minimizing the burden on the rail carriers of developing and maintaining the
capability of providing such information;
(14) to encourage and promote energy conservation; and
(15) to provide for the expeditious handling and resolution of all proceedings
required or permitted to be brought to this part.