Some shippers have already seen their rates fall by about 5 percent, he added, as the two railroads compete to sign up customers.
The railroad couldn't compete.
However, residents of Muncy feared the railroad would compete with an existing plank road to Hughesville and refused it permission to enter the town.
The minimum rate regulation keeps railroads from lowering many rates for commodities in which railroads compete with highway and water carriers.
The two railroads competed for the Rochester market.
The two railroads competed vigorously as the city's population swelled to over 10,000.
Today, airlines and railroads must compete with cars, trucks, pipelines and barges - as well as with each other.
Freight transportation continued to labor under regulations developed when rail transport had a monopoly on intercity traffic, and railroads only competed with one another.
Argued for rate leeway to enable the railroads to compete with water shipment through the Panama Canal.
Now both railroads were competing to put track along the narrow Royal Gorge.