Contact: Scott Jensen, (202) 249-6511
WASHINGTON (Jan. 14, 2014)
The American Chemistry Council (ACC) issued the following statement on the Senate Committee on Commerce, Science, and Transportation's vote to confirm Deb Miller to the Surface Transportation Board (STB):
"We congratulate Deb Miller on the Committee's vote to confirm her to the STB. We look forward to working with her and the STB to make the U.S. freight rail system more competitive and efficient for U.S. manufacturers and businesses."
"Following significant railroad consolidation,
freight rail rates have soared more than 76 percent
-nearly three times the rate of inflation-since 2001. Today's freight rail policies are more than 30 years old and have not kept pace with the massive consolidation in the freight rail industry. We believe it is now time for policymakers to pursue reforms at the STB that would decrease the need for regulation by increasing market-based competition.
"Adopting modest reforms like competitive switching, which is currently being considered by the STB, would be a step in the right direction. Competitive switching means that a rail customer that is served by a single major railroad may have its traffic switched to a different carrier at a nearby interchange, allowing the shipper to seek competing bids for rail service.
"We are committed to working with this Ms. Miller and the other members of the board along with policymakers and rail stakeholders to ensure that the American economy can thrive in a fiercely competitive global marketplace."
» Learn more about freight rail competition