In June 2015, the National Academy of Sciences’ Transportation Research Board issued a report with recommendations to update and modernize economic regulation of rail freight transportation. Jerry Ellig served as a member of the committee that prepared the report. This presentation, given to the National Industrial Transportation League’s Railroad Transportation Committee in November 2015,  summarizes the report’s main recommendations. For a short narrative that explains the recommendations, see Dr. Ellig’s commentary in Real Clear Policy.