At the time, the Staggers Act had just been signed into law.
Since that time, the railroad industry has had a generation to respond to regulatory incentives under the Staggers Act.
32) that documents key aspects of the dramatic turnaround and stabilization that has occurred since the enactment of the Staggers Act.
Our guardedly optimistic forecast for the railroads under the provisions of the Staggers Act turned out to be quite an understatement.
In fact, political pressure for new regulation currently seems at the greatest level since the Staggers Act was passed.
With the passage of the Staggers Act of 1980, there was widespread hope that removing the shackles of regulation would pull the industry back from the precipice.
The Staggers Act did allow regulatory relief to protect captive shippers, and thus was not total deregulation.
The Airline Deregulation Act of 1978, the Motor Carrier Act of 1980, and the Staggers Act of 1980 all passed both houses of Congress with large majority votes.
In contrast, the Staggers Act explicitly kept regulatory oversight to protect captive shippers.
Productivity growth in railroads since the Staggers Act has greatly outpaced the performance of the U.
Regulatory backstop | The unique feature of the Staggers Act is its liberalization of the market while retaining a "regulatory backstop" to protect captive customers.
We are optimistic that the market flexibility established by the Staggers Act will allow the railroad industry to adapt to surprises, whether they are pleasant or unpleasant.
railroad industry during the 30 years since the Staggers Act was signed is a story of enormous success.
The Staggers deregulation has paid off with big benefits over a long period of time and, thus far, serious mischief has been avoided.