05/18/1975
https://www.presidency.ucsb.edu...
"The United States desperately needs its railroads to transport the vast quantity of goods in a fuel-efficient manner necessary for our economy to survive and to prosper."
"It is my judgment that this trend could destroy the fundamental free enterprise character of this country."
"Transportation accounts for over 50 percent of our total petroleum use."
"Regulatory reform is critical if we are to reduce the rate of inflation which inflicts the Nation."