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Rail Services
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The rail services industry includes railroad companies (both freight and passenger), manufacturers of railroad equipment and companies that service railroads. The industry was in major financial trouble during the 1970s, in part owing to over-regulation, but it experienced somewhat of a resurgence after the Staggers Act in 1980 de-regulated the industry. Since then, however, the industry has been in relative decline, due to competition from other modes of transportation, but remains influential because of the importance of rail transport to the entire economy.
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