The election of Donald Trump was a big win for the oil and rail industries. Shortly after the election, Edward Hamberger, CEO of the trade group the Association of American Railroads, addressed a conference in New York City, noting that “the policy landscape in Washington, D.C., dramatically shifted on Election Day.”
The trade publication Railway Age also reported Hamberger saying that “Washington leaders can be powerful change agents in fixing a broken regulatory system.”
Of course when the top rail lobbyist talks about “fixing” a broken regulatory system, what he means is moving to a system where the rail industry regulates itself — which is why the rail industry is so fond of President Trump. And why the American public should worry.