The Economics Of Railway Transport

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The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.

Excerpt from The Economics of Railway Transport It is hoped that the result may be of some interest and profit to two classes of readers to economic students as exemplifying the degree' to which practice must necessarily differ from theory, the concrete from the abstract; and to railway men, as showing the operation of scientific principles in their work. Of the presence of numerous faults of omission and commission no one can be more conscious than the writer. In regard to these he would plead the exigencies of time, for this book has had to be completed within the limits of a single furlough. As to other faults which may, and no doubt will, be obvious to the experienced reader, he can say nothing save to express the hope that his work may possibly induce others of wider experience and greater leisure to enter a field which up to the present has perhaps hardly received from British writers the attention due to it. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Economics of Railway Transport During the early months of the present year the author gave a short course of lectures at Cambridge on "The Economics of Transport," and this volume has originated in an attempt to reproduce the substance of those lectures in some connected form. In carrying the project into execution so much has necessarily been added, subtracted, and modified that little real similarity now remains, but mention is made of this fact since it indicates not only the origin of this book but also to some extent its scope and purpose. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.