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  • 閱讀理解A
    題干:Inrecentyears,railroadshavebeencombiningwitheachother,mergingintosupersystems,causingheightenedconcernsaboutmonopoly.Asrecentlyas1995,thetopfourrailroadsaccountedforunder70percentofthetotalton-milesmovedbyrails.Nextyear,afteraseriesofmergersiscompleted,justfourrailroadswillcontrolwellover90percentofallthefreightmovedbymajorrailcarriers.Supportersofthenewsupersystemsarguethatthesemergerswillallowforsubstantialcostreductionsandbettercoordinatedservice.Anythreatofmonopoly,theyargue,isremovedbyfiercecompetitionfromtrucks.Butmanyshipperscomplainthatforheavybulkcommoditiestravelinglongdistances,suchascoal,chemicals,andgrain’truckingistoocostlyandtherailroadsthereforehavethembythethroat.Thevastconsolidationwithintherailindustrymeansthatmostshippersareservedbyonlyonerailcompany.Railroadstypicallychargesuch“captive”shippers20to30percentmorethantheydowhenanotherrailroadiscompetingforthebusiness.Shipperswhofeeltheyarebeingoverchargedhavetherighttoappealtothefederalgovernment'sSurfaceTransportationBoardforraterelief,buttheprocessisexpensive,timeconsuming,andwillworkonlyintrulyextremecases.Railroadsjustifyratediscriminationagainstcaptiveshippersonthegroundsthatinthelongrunitreduceseveryone'scost.Ifrailroadschargedallcustomersthesameaveragerate,theyargue,shipperswhohavetheoptionofswitchingtotrucksorotherformsoftransportationwoulddoso,leavingremainingcustomerstoshoulderthecostofkeepinguptheline.It'satheorytowhichmanyeconomistssubscribe,butinpracticeitoftenleavesrailroadsinthepositionofdeterminingwhichcompanieswillflourishandwhichwillfail.“Dowereallywantrailroadstobethearbitersofwhowinsandwholosesinthemarketplace?”asksMartinBercovici,aWashingtonlawyerwhofrequentlyrepresentsshippers.Manycaptiveshippersalsoworrytheywillsoonbehitwitharoundofhugerateincreases.Therailroadindustryasawhole,despiteitsbrighteningfortunes,stilldoesnotearnenoughtocoverthecostofthecapitalitmustinvesttokeepupwithitssurgingtraffic.Yetrailroadscontinuetoborrowbillionstoacquireoneanother,withWallStreetcheeringthemon.Considerthe$10.2billionbidbyNorfolkSouthernandCSXtoacquireConrailthisyear.Conrail'snetrailwayoperatingincomein1996wasjust$427million,lessthanhalfofthecarryingcostsofthetransaction.Who'sgoingtopayfortherestofthebill?Manycaptiveshippersfearthattheywill,asNorfolkSouthernandCSXincreasetheirgriponthemarket.
    題目:According to the text, the cost increase in the rail industry is mainly caused by_____.
  • A 、the continuing acquisition
  • B 、the growing traffic
  • C 、the cheering Wall Street
  • D 、the shrinking market

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參考答案

【正確答案:A】

細(xì)節(jié)題。第五段第二句提到, 鐵路公司的收入仍然不足以支付為滿足不斷增長(zhǎng)的運(yùn)輸需要而投入的資金。第三句yet轉(zhuǎn)折之后,文章內(nèi)容圍繞鐵路公司在相互兼并過程中耗費(fèi)運(yùn)營(yíng)成本展開。該段還舉例談到托運(yùn)商擔(dān)心兩大公司會(huì)把在兼并過程中的額外開支轉(zhuǎn)嫁到他們身上。由此可推知,鐵路公司的相互收購(gòu)耗資巨大,造成鐵路公司的成本大幅增加,從而使托運(yùn)商的利益受損。因此A選項(xiàng)是鐵路行業(yè)成本增加的主要原因。

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