AAR president warns against risks of new regulations

RELATED TOPICS: REGULATION | MISCELLANEOUS
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ORLANDO, Fla. — In a Thursday speech, the president and CEO of the Association of American Railroads has warned that new, restrictive regulations could pose a risk to the U.S. economy if they deter investments in railroads and growth of the nation’s rail network.

Speaking to the Railway Tie Association, Edward R. Hamberger said new government rules have the potential to undercut efforts to invest in expansion of the rail network, equipment purchase and the hiring of new employees.

“The fact is that any regulation diminishing the rail industry’s ability to invest in its 140,000-mile network is a regulation that will undermine the industry’s ability to deliver the efficient and reliable service shippers expect and rely on,” Hamberger said.

The AAR president acknowledged that increased rail traffic in 2014 has led to a diminished level of service for some customers, but said railroads are actively working to address their problems and restore service to the levels expected by shippers.

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