Steve welcomes Michael Toth, Director of Research at the Civitas Institute at the University of Texas at Austin, to discuss why America needs a modern transcontinental railroad. They break down how outdated regulations have fractured rail transport and driven up costs across the supply chain. Toth explains how a proposed coast-to-coast rail merger could reduce bottlenecks, improve efficiency, and lower prices, if Washington gets out of the way and lets the market work.