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American Railroads: Decline and Renaissance in the Twentieth Century

American Railroads: Decline and Renaissance in the Twentieth Century


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About the Book

Overregulated and displaced by barges, trucks, and jet aviation, railroads fell into decline. Their misfortune was measured in lost market share, abandoned track, bankruptcies, and unemployment. Today, rail transportation is reviving. American Railroads tells a riveting story about how this iconic industry managed to turn itself around.

Table of Contents:
Contents Preface Abbreviations 1. The Enduring American Railroads 2. The Ills of Government Regulation of Rail Rates and Services 3. The Policy Dilemma of Competition and Consolidation 4. The Impact of Rival Freight Modes on Railroads 5. The Decline of Railway Passenger Service, 1900–1970 6. Mergers at Midcentury and the Penn Central Debacle 7. Two Railroad Reform and Revitalization Acts and the Northeast Rail Crisis in the 1970s 8. The Brief, Mainly Happy Life of Conrail, 1976–1999 9. The Making of the Staggers Rail Act, and Experience under Deregulation 10. How Railroads Got Their Final Sizes and Shapes 11. The Enduring Problem of Rail Passenger Service in the Amtrak Era 12. Advancing Technology for American Railroads 13. Decline and Renaissance of American Railroads in the Twentieth Century—Pulling into the Terminal Afterword: Future Policies for US Railroads Notes Acknowledgments Index

About the Author :
Gallamore Robert E. :

Robert E. Gallamore is Adjunct Professor in Rail Management at Michigan State University.Meyer John R. :

John R. Meyer was James W. Harpel Professor of Capital Formation, Emeritus, at the John F. Kennedy School of Government at Harvard University.



Review :
Detailed, sophisticated, occasionally technical, and provocative, [Gallamore and Meyer's] book provides a superb and often fascinating analysis of the economics, technological change, and the impact of public policy on an iconic American industry... Gallamore and Meyer have thrown down the gauntlet to policymakers. The burden may well now be on them to demonstrate, through a careful analysis of costs and benefits, that regulation of passenger and/or freight railroads is in the public interest.
-- Glenn C. Altschuler Philadelphia Inquirer
A comprehensive account... American Railroads is a readable history with a focus on freight rail.
-- Daniel Machalaba Wall Street Journal
This book is a readable and provocative economic and business history of American railroads over the twentieth century. It draws together the themes of infrastructure development, regulation, stagnation and financial crisis, deregulation, and finally revitalization. It is a fascinating and instructive tale, very well told.
-- Porter K. Wheeler, Transportation Policy Consultant, and former Manager of P3 Projects, Maryland Transportation Authority
A remarkable book and an exceptional resource for a variety of constituencies in the transportation field.
-- Joseph M. Sussman, Massachusetts Institute of Technology


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Product Details
  • ISBN-13: 9780674369368
  • Publisher: Harvard University Press
  • Publisher Imprint: Harvard University Press
  • Edition: Digital original
  • No of Pages: 523
  • ISBN-10: 067436936X
  • Publisher Date: 17 Jun 2014
  • Binding: Digital (delivered electronically)
  • Language: English
  • Sub Title: Decline and Renaissance in the Twentieth Century


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