Railway Regulation
Railway regulation refers to the set of rules and guidelines established by government authorities to oversee the operations of railway companies. These regulations ensure safety, efficiency, and fair competition within the rail transport industry. They cover various aspects, including pricing, service quality, and infrastructure maintenance.
Regulatory bodies, such as the Federal Railroad Administration in the United States, are responsible for enforcing these rules. They monitor compliance, investigate accidents, and promote improvements in railway safety and performance. Effective regulation helps protect consumers and supports the overall development of the transportation network.