Association of American Railroads was created in 1934.

The Association of American Railroads, a trade organization, represents the interests of the vast majority of Class I railroads, including the leasing of railroad property, through legislative activity and support.

"The basic principle of the Staggers Rail Act was simple: Railroads should be permitted to act much as other businesses in managing their assets and pricing their services" (Association of American Railroads, 2003).

To build railroads. Apex

Survival of the railroad industry required a new regulatory scheme "that allowed railroads to establish their own routes, tailor their rates to market conditions, and differentiate rates on the basis of demand" (Association of American Railroads, 2003).