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British expert warns U.S. railroads face crisis over regulation and costs
Acworth tells joint committee that U S freight rates must rise to cover rising operating costs and that centralized regulation is needed. He argues government ownership damages efficiency, citing Prussia and Australia as contrasts, and notes American railways succeed under private enterprise.
MENTIONED IN THIS ARTICLE
London
Acworth
United States
Fundamentaal
Mr. Acworth
Australia
Switzerland
France
Belgium
Italy
Prussia
New South W
Texas
New South Wales