Rockefeller Releases Report on the Rail Industry and the Need for Level Playing Field to Create Competition and Boost Economy
WASHINGTON, D.C.—In anticipation of this afternoon’s hearing on federal rail policy, Senator John D. (Jay) Rockefeller IV, Chairman of the U.S. Senate Committee on Commerce, Science, and Transportation, today released a Committee staff report, The Current Financial State of the Class I Freight Rail Industry, showing that the largest American freight railroad companies have been earning record profit margins at the expense of their shipper customers.