U.S. rail industry leaders plan to meet next week at the White House with Austan Goolsbee, chairman of the president’s Council of Economic Advisers, to discuss the costs of new regulations facing the railroad industry, including the mandate for crash-avoidance systems on train networks.
James R. Young, chairman, president and CEO at Union Pacific Railroad, disclosed the scheduled White House meeting of railroad CEOs during an earnings conference call with analysts Thursday. The meeting follows President Obama’s order this week for a review of new or pending regulations that may harm jobs growth.
Full story is on the Journal of Commerce website.