The Railway Safety Act would stand in the way of energy abundance
The Railway Safety Act is poised to impose new federal regulations on railroads, which could hinder their efficiency and safety achievements. Critics argue that the act's requirements are not supported by evidence linking them to improved safety outcomes. The legislation may ultimately raise costs and slow the movement of energy commodities, undermining broader economic goals.
- ▪Railroads transport 75% of coal and 60% to 70% of ethanol shipments in the U.S.
- ▪Since 2005, overall train accident rates have declined by 40%, with over 99.9% of hazardous materials reaching their destination safely.
- ▪The Railway Safety Act could impose costly new standards that are not linked to safety improvements, potentially raising freight costs.
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Even as other modes of transportation gain prominence, railroads maintain their role as an essential means of transporting energy products. Railroads transport 75% of coal and 60% to 70% of ethanol shipments. With cost and fuel efficiency, railroads leverage massive scale to mitigate the price volatility of shipping by truck or plane, accounting for 40% of long-distance U.S. freight ton-miles, greater than any other mode of transportation. Recommended Stories Trump’s housing agenda depends on fixing the Senate’s mistake Save tax dollars by preempting New York’s outdated Scaffold Law in highway bill Eliminating fraud will not fix OPT Crucially, railroads achieve this success with an impeccable safety record that’s only getting better thanks to continuous innovation.
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