railroad regulation
Railroad regulation refers to the set of laws and guidelines that govern the operations of railroads to ensure safety, efficiency, and fair competition. These regulations cover various aspects, including pricing, service quality, and environmental impact, and are enforced by government agencies such as the Federal Railroad Administration in the United States.
The primary goal of railroad regulation is to protect the interests of consumers and promote a stable transportation system. By overseeing freight and passenger services, regulators aim to prevent monopolistic practices and ensure that railroads operate in a manner that benefits the economy and public safety.