Throughout the world, the rail industry historically has been one of the most
extensively regulated of all industrial sectors. In the past three decades
however, policymakers and economists have become increasingly critical of
traditional regulation of the rail industry and it is generally accepted that in
markets where transportation carriers seek to meet demand, there is habitually
effective competition. Today, facilitating competition in the railroad
transport industry is frequently seen as beneficial. Introducing competition
enhances efficiency and innovation in the competitive rail...