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Staggers Act
The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act of 1887. Background In the aftermath of the Great Depression and World War II, many privately owned, operated, and funded for-profit railroads were driven out of business by competition from publicly owned, operated, and funded Interstate highways, which almost always operated at a loss, and airlines, which often used airports and dispatchers (in this case air traffic control by the FAA) funded by public money. Not restricted by the requirement to break even, cars and trucks use the highway system as constructed by the state, leading to the end of passenger train service on most railroads. Trucking businesses had become major competitors by the 1930s with the advent of improved paved roads. After the war, they expanded their operations as the highway netwo ...
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Howard Cannon
Howard Walter Cannon (January 26, 1912 – March 5, 2002) was an American politician from Nevada. A member of the Democratic Party (United States), Democratic Party, he served four terms in the United States Senate representing Nevada from 1959 to 1983. Born in St. George, Utah, Cannon graduated from Northern Arizona University and the James E. Rogers College of Law, University of Arizona Law School. In 1940, Cannon won his first election as county attorney for Washington County, Utah. The following year with the start of World War II, Cannon served in the United States Army for a year and then in the United States Army Air Corps from 1942 to 1946, rising to the rank of lieutenant colonel. Cannon later served in the United States Air Force Reserve, Army Air Forces Air Reserve as a major general. In 1949, Cannon returned to politics, winning election as city attorney for Las Vegas, Nevada. After four consecutive terms in that office, Cannon defeated Republican incumbent U.S. Sen ...
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Trucking Industry In The United States
The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers. Trucks are also used in the construction industry, two of which require dump trucks and portable concrete mixers to move the large amounts of rocks, dirt, concrete, and other building materials used in construction. Trucks in America are responsible for the majority of freight movement over land and are used in the manufacturing, transportation, and warehousing industries. Driving large trucks and buses requires a commercial driver's license (CDL) to operate. Obtaining a CDL requires extra education and training dealing with the special knowledge requirements and handling characteristics of such a large vehicle. Drivers of commercial motor vehicles (CMVs) must adhere to the hours of service, which are regulations governing the driving hours of commercial drive ...
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Presidency Of Richard Nixon
Richard Nixon's tenure as the List of presidents of the United States, 37th president of the United States began with First inauguration of Richard Nixon, his first inauguration on January 20, 1969, and ended when he resigned on August 9, 1974, in the face of Impeachment process against Richard Nixon, almost certain impeachment and removal from office, the only U.S. president ever to do so. He was succeeded by Gerald Ford, whom he 1973 United States vice presidential confirmation, had appointed Vice President of the United States, vice president after Spiro Agnew became embroiled in a separate corruption scandal and was forced to resign. Nixon, a prominent member of the Republican Party (United States), Republican Party from California who previously served as vice president for two terms under president Dwight D. Eisenhower from 1953 to 1961, took office following his narrow victory over Democratic Party (United States), Democratic incumbent vice president Hubert Humphrey and ...
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Association Of American Railroads
The Association of American Railroads (AAR) is an industry trade group representing primarily the major freight Rail transport, railroads of North America (Canada, Mexico and the United States). Amtrak and some regional Commuter rail in North America, commuter railroads are also members. Smaller freight railroads are typically represented by the American Short Line and Regional Railroad Association (ASLRRA), although some smaller railroads and railroad holding companies are also members of the AAR. The AAR also has two associate programs, and most associates are suppliers to the railroad industry. Creation AAR was created October 12, 1934, by the merger of five industry-related groups: * The American Railway Association * The Association of Railway Executives * The Bureau of Railroad Economics * The Railway Accounting Officers Association * The Railway Treasury Officers Association William George Besler was its first President. Facilities and subsidiaries The AAR is headquarter ...
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United States Congress
The United States Congress is the legislature, legislative branch of the federal government of the United States. It is a Bicameralism, bicameral legislature, including a Lower house, lower body, the United States House of Representatives, U.S. House of Representatives, and an Upper house, upper body, the United States Senate, U.S. Senate. They both meet in the United States Capitol in Washington, D.C. Members of Congress are chosen through direct election, though vacancies in the Senate may be filled by a Governor (United States), governor's appointment. Congress has a total of 535 voting members, a figure which includes 100 United States senators, senators and 435 List of current members of the United States House of Representatives, representatives; the House of Representatives has 6 additional Non-voting members of the United States House of Representatives, non-voting members. The vice president of the United States, as President of the Senate, has a vote in the Senate ...
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Government Accountability Office
The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States. It identifies its core "mission values" as: accountability, integrity, and reliability. It is also known as the "congressional watchdog". The agency is headed by the Comptroller General of the United States. The comptroller general is appointed by the president with the advice and consent of the Senate. When a vacancy occurs in the office of the comptroller general, Congress establishes a commission to recommend individuals to the president. The commission consists of the following: *the speaker of the United States House of Representatives *the president pro tempore of the United States Senate *the majority and minority leaders of the House of Representatives and t ...
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Freight Rail Fares
In transportation, cargo refers to goods transported by land, water or air, while freight refers to its conveyance. In economics, freight refers to goods transported at a freight rate for commercial gain. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facilities, including warehouses. Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, especially by shipping lines and logistics operators. When empty containers are shipped each unit is documented as a cargo and when goods are stored within, the contents are termed containerized cargo. Similarly, aircraft ULD boxes are also documented as cargo, with an associated packing list of the items contained within. Description Marine Seaport terminals handle a wide range ...
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House Committee On Energy And Commerce
A house is a single-unit residential building. It may range in complexity from a rudimentary hut to a complex structure of wood, masonry, concrete or other material, outfitted with plumbing, electrical, and heating, ventilation, and air conditioning systems.Schoenauer, Norbert (2000). ''6,000 Years of Housing'' (rev. ed.) (New York: W.W. Norton & Company). Houses use a range of different roofing systems to keep precipitation such as rain from getting into the dwelling space. Houses generally have doors or locks to secure the dwelling space and protect its inhabitants and contents from burglars or other trespassers. Most conventional modern houses in Western cultures will contain one or more bedrooms and bathrooms, a kitchen or cooking area, and a living room. A house may have a separate dining room, or the eating area may be integrated into the kitchen or another room. Some large houses in North America have a recreation room. In traditional agriculture-oriented societi ...
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Harley Staggers
Harley Orrin Staggers Sr. (August 3, 1907 – August 20, 1991) was an American politician who served 16 terms in the United States House of Representatives from 1949 to 1981, representing West Virginia's 2nd Congressional District as a Democrat. From 1966 until his retirement in 1981, Congressman Staggers chaired the powerful House Committee on Interstate and Foreign Commerce (today the Committee on Energy and Commerce). A longtime supporter of the American railroad industry and its workers, Congressman Staggers' landmark legislative achievement was the Staggers Rail Act, passed in 1980. Career Staggers was born on August 3, 1907, in Keyser, Mineral County, West Virginia; he graduated from Emory and Henry College in 1931 and did graduate work at Duke University. Staggers served as sheriff of Mineral County from 1937 to 1941. He served as a navigator in the U.S. Naval Air Corps during World War II. In 1948, Staggers was elected to the U.S. House of Representatives, representi ...
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Arrangements Between Railroads
Railway company, Railway companies can interact with and control others in many ways. These relationships can be complicated by bankruptcies. Operating Often, when a railroad first opens, it is only a short spur of a Main line (railway), main line. The owner of the spur line may contract with the owner of the main line for operation of the contractee's trains, either as a separate line or as a branch with through service. This agreement may continue as the former railroad expands, or it may be temporary until the line is completed. If the operating company goes bankrupt, the contract ends, and the operated company must operate itself. Leasing A major railroad may lease a connecting line from another company, usually the latter company's full system. A typical lease results in the former railroad (the lessee) paying the latter company (the lessor) a certain yearly rate, based on maintenance, profit, or overhead, in order to have full control of the lessor's lines, including opera ...
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Effective Competition
Effective competition is a concept first proposed by John Maurice Clark, then under the name of "workable competition," as a "workable" alternative to the economic theory of perfect competition, as perfect competition is seldom observed in the real world. His proposal resulted in extensive debate in the economic literature over the next several decades in which George W. Stocking Sr., George Stigler, Jesse W. Markham, Joe S. Bain, and many others participated. No consensus has yet been reached over which of many potential criteria should be used to judge competition to be effective, but as an alternative to identifying specific structural criteria by which to constitute effectiveness or workability, Jesse W. Markham suggested the following definition: An industry may be judged to be workably competitive when, after the structural characteristics of its market and the dynamic forces that shaped them have been thoroughly examined, there is no clearly indicated change than can be ...
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Conrail
Conrail , formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name. It continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway. The federal government created Conrail to take over the potentially profitable lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway. After railroad regulations were lifted by the 4R Act and the Staggers Act, Conrail began to turn a profit in the 1980s and was privatized in 1987. The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts ...
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