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Coal groups claim rail proposal would cut exports and hurt economy
The Coal Exporters Association and the National Coal Association filed comments with the Interstate Commerce Commission arguing that a railroad plan to deregulate coal tariffs would boost railroad profits while slashing U.S. coal exports by about one third. The groups cite a National Economic Research Associates study showing freight rates could rise about 57 percent, risking a $21.4 billion loss in export receipts and a 450 million ton drop from 1983–1990 projections, despite potential $3 billion in higher profits for railroads. They warn about possible discriminatory port practices.
MENTIONED IN THIS ARTICLE
U.S
Coal Exporters Association
National Coal Association
Interstate Commerce Commission
Congress
ICC
National Economic Research Associates