I agree that BNSF being privately held shouldn't be subject to this. I remember reading about how Uncle Warren said that he wanted his holdings run for the long term, thinking about 100 years from now. Maybe he hast to follow suit to remain competitive?
I'm not a big fan of regulation and for once concur with Mr. Olsen. Having been in the rail industry for the last quarter century, it seems as if they still have the same corporate culture of 170 years ago. The rover barons couldn't control themselves, and the government established the ICC. Then by the 1950s it became too restrictive, and the industry almost went broke by the 1970s. In the last 40 years the railroads have had a free hand in rates and service. Now they have gone back to the robber baron tactics. It's really sad that they could not control themselves, make a decent return, and continue to provide adequate service.
A while back someone made the comment about t he grain producers getting with the union about the problems associated with PSR. There was a comment about how the union must have conned the grain industry to join them. Since then several other industries have jumped onboard.