Rail Services Act

[AI summary unavailable — showing source text] Rail Services Act - Title I: Rate Modernization - Directs the Interstate Commerce Commission to make final determinations in proceedings for the adjustment of divisions of joint rates or fares retroactive to the date of commencement of such proceedings. Requires that rates to be charged for any service rendered by a carrier shall be reasonable (as defined in this Act). Directs the Commission to establish standards for determining whether a carrier possesses market dominance. Provides that whenever a rate is challenged as being unreasonably high, the Commission shall determine whether the carrier filing the rate has market dominance over such rate. Specifies those factors to be considered in such a determination. Directs that rates of a carrier shall not be held up to a particular level to protect the traffic of any other carrier or mode of transportation. Provides that the Commission shall set standards for the establishment of rail service rates in response to changes in the level of seasonal, regional, and shipper demand for rail services. Authorizes the Commission to establish procedures for setting separate rates for distinct rail services. Provides that the Commission shall es…