telephone companies adhere closely to the classic natural monopoly model and have been regulated with a far greater degree of success.
The Free Enterprise Alternative would apply the concept of roadway/ carrier separation to the rail industry, separating carrier and fixed way functions as in the other modes (highway, water, and air). Regional roadway companies, each owning all rail roadways in its region, would be true natural monopolies and would be regulated as such. Numerous carriers, sharing use of the roadway network, would constitute a free, competitive market in which government regulation would be unnecessary. The functions, structure, and regulation of each industry segment--roadways and carriers-- would be properly matched, maximizing efficiency and effectiveness. The Free Enterprise Alternative would provide economic regulation only where necessary and eliminate it where unnecessary.
Descriptions of the barge transportation auction market include (in chronological order): "Barge Freight Trading Auction to Begin August 1," Waterways Journal, Volume 92, Number 17 ( July 22, 1978), p. 5; "St. Louis Barge Freight Trading Begins," Waterways Journal, Volume 92, Number 19 ( August 5, 1978), p. 5; "Open Auction for Fertilizer Transport in Offing," Waterways Journal, Volume 93, Number 9 ( June 2, 1979), p. 29; "Fertilizer Call Session," Waterways Journal, Volume 93, Number 12 ( June 23, 1979), p. 31; Dan Layton, "Trading Sessions to Open for Upbound River Freight," Waterways Journal, Volume 93, Number 22 ( September 1, 1979), p. 6; "Merchants Exchange Reports Gains," Waterways Journal, Volume 93, Number 42 ( January 19, 1980), p. 7; "Exchange Expands Scope of Barge Freight Trading," Traffic World, Number 5, Volume 183, Whole Number 3824 ( August 4, 1980), pp. 28-29.