The United States has the most developed and efficient freight railroad system in the world. In contrast to Europe, where the large majority of freight is moved by road, by weight and distance travelled freight rail provides the largest share of the transportation mix in the US. This is no accident. In 1980, recognizing the sclerotic and weak state of the heavily-regulated rail industry, a deliberate decision was made to deregulate freight rail. The subsequent recovery of the freight rail industry might seem to be a lesson in the value of reducing federal interference to the average person, but not to a regulator. Perhaps offended by their example, regulators in Washington have been hunting for ways to re-impose regulatory control over American freight rail.