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The Deregulation Of The Us Rail Industry
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Book Synopsis The Economic Effects of Surface Freight Deregulation by : Clifford Winston
Download or read book The Economic Effects of Surface Freight Deregulation written by Clifford Winston and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: For close to 100 years, America's surface freight industries, primarily rail and trucking, operated under the protective wing of the U.S. government. In 1980 Congress, finding vast inefficiencies in the two industries, substantially deregulated both, opening them at last to market competition. Deregulation has brought with it many changes—for firms within the industries, for their labor force, and for shippers and their customers. Clifford Winston, Thomas M. Corsi, Curtis M. Grimm, and Carol A Evans provide a comprehensive evaluation of the effect of the deregulation legislation on the rail and trucking industries. According to the authors, deregulation has made substantial progress in solving the two most vexing problems of the surface freight transportation industry—excessive rates in the trucking industry and insufficient returns on investment in the rail industry. Competition and efficiency have returned to both industries, and although the labor force in each has suffered wage and job losses, shippers and their customers have gained roughly $20 billion a year in benefits. The authors recommend policies that would continue to promote competition and the efficient use of highway and railway infrastructure.
Book Synopsis The Deregulation of the U.S. Rail Industry by : Christopher Allan Vellturo
Download or read book The Deregulation of the U.S. Rail Industry written by Christopher Allan Vellturo and published by . This book was released on 1990 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :724 pages Book Rating :4.F/5 ( download)
Book Synopsis Railroad deregulation act of 1979 by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Download or read book Railroad deregulation act of 1979 written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1979 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mergers, Deregulation and Cost Savings in the U.S. Rail Industry by :
Download or read book Mergers, Deregulation and Cost Savings in the U.S. Rail Industry written by and published by . This book was released on 1991 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of deregulation in creating a viable private rail freight system in the?U.S. since 1979 is relatively undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications and approval procedures; and (iii) relaxed route abandonment policies. In this paper we attempt to disentangle the effects of deregulation on rail costs from those directly attributable to mergers and acquisitions. We employ a translog variable cost function, based on an unbalanced panel data set of annual observations for major U.S. Class I railroads from 1974 to 1986. We find that both deregulation and mergers contributed significantly to cost savings. However, of the accumulated cost savings achieved by the six major firms involved in mergers post-deregulation, we estimate that by 1986 about 91% of the reduction in accumulated costs is due to deregulation, and about 9% is directly due to mergers and acquisitions (which in turn were facilitated by regulatory reforms). In terms of factor biases, we find that both deregulation and mergers resulted in a substantial labor-saving bias; the point estimate of the deregulation labor-saving bias is larger than that for mergers, but we were not able to estimate this bias precisely. We conclude that mergers were not a prerequisite for railroads being able to achieve substantial cost and productivity improvements in our 1974-1986 sample period. Deregulation also had an enormous direct impact; indeed, its impact appears to have been much larger.
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :496 pages Book Rating :4.0/5 (17 download)
Book Synopsis Railroad Deregulation Act of 1979 by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Download or read book Railroad Deregulation Act of 1979 written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1979 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Productivity Issues in Services at the Micro Level by : Zvi Griliches
Download or read book Productivity Issues in Services at the Micro Level written by Zvi Griliches and published by Springer Science & Business Media. This book was released on 1993-06-30 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: 7 take advantage of the panel structure of their data to control for possible errors of specifica tion in their models. It is interesting to note that the econometric and DEA methods may be closer than some of their respective advocates seem to believe. Several of the studies show that the former as well as the latter can be effectively used to assess the relative effi ciency of groups of firms or individual firms, and one of them explicitly compare results arising from both (Fecher et al.). Econometric techniques can also be nonparametric and applied to estimating cost or production frontiers (and not only "average" functions), while ultimately DEA should be amenable to statistical inference. Perhaps the most valuable feature of all the analyses is their care and ingenuity in putting together the data, measuring variables, and pulling out relevant information. Many of them are not content with an overall output measure, but endeavor to manage with less aggregated measures. Nearly all also include in the estimated models a number of auxiliary variables intended to control for specific attributes of outputs, inputs, or production techniques, and other characteristics of firms.
Book Synopsis Deregulation, the Railroad Experience by : William Thoms
Download or read book Deregulation, the Railroad Experience written by William Thoms and published by . This book was released on 1981 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation and Paperwork Publisher : ISBN 13 : Total Pages :172 pages Book Rating :4.3/5 (91 download)
Book Synopsis S. 796, Railroad Deregulation Act of 1979 by : United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation and Paperwork
Download or read book S. 796, Railroad Deregulation Act of 1979 written by United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Government Regulation and Paperwork and published by . This book was released on 1979 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Interstate Commerce Commission and the Railroad Industry by : Richard D. Stone
Download or read book The Interstate Commerce Commission and the Railroad Industry written by Richard D. Stone and published by Praeger. This book was released on 1991-12-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explores the philosophy, actions, and policies of the Interstate Commerce Commission by focusing on the development of its railroad regulation practices, particularly since 1976. Richard Stone traces the radical change in the ICC's view of the rail industry, from the maximum control it exercised for many years through the unilateral deregulation that was begun in 1978. He considers the forces and pressures that contributed to the Commission's actions, including Congress, the president, the railroads, rail shippers, and academicians. The book begins with two chapters that survey the history of the ICC and rail regulation through the mid-1970s. Stone then turns to the events of 1976, when the seeds of deregulation were sown with the election of Jimmy Carter and the passage of the Railroad Revitalization and Regulatory Reform (4R) Act. Subsequent chapters cover the years between the 4R Act and the Staggers Act, which were characterized by the Commission's changing attitude toward rail regulation; the background and provisions of the 1980 Staggers Act and the events that followed it; and the recent events and changes in philosophy that have taken place at the ICC with regard to the rail industry. This study, the first to be published on the ICC since 1976, follows that body's transformation from a powerful independent commission to a much smaller and less influential institution. The work will be a valuable resource for students of public policy, transportation studies, and political science.
Book Synopsis Restructuring Regulation of the Rail Industry for the Public Interest by : Ioannis N. Kessides
Download or read book Restructuring Regulation of the Rail Industry for the Public Interest written by Ioannis N. Kessides and published by World Bank Publications. This book was released on 1995 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U.S. Freight Rail Economics and Policy by : Jeffrey T. Macher
Download or read book U.S. Freight Rail Economics and Policy written by Jeffrey T. Macher and published by Routledge. This book was released on 2019-04-25 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce Publisher : ISBN 13 : Total Pages :1382 pages Book Rating :4.F/5 ( download)
Book Synopsis Railroad deregulation act of 1979 by : United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce
Download or read book Railroad deregulation act of 1979 written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce and published by . This book was released on 1979 with total page 1382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :298 pages Book Rating :4.:/5 (327 download)
Book Synopsis Railroad Deregulation Act of 1979 by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Download or read book Railroad Deregulation Act of 1979 written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1979 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Port Economics, Management and Policy by : Theo Notteboom
Download or read book Port Economics, Management and Policy written by Theo Notteboom and published by Routledge. This book was released on 2022-01-31 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors’ extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.
Book Synopsis Performance of the U.S. Railroad Industry Since Deregulation by : Kenji Kimura
Download or read book Performance of the U.S. Railroad Industry Since Deregulation written by Kenji Kimura and published by . This book was released on 1997 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads Publisher : ISBN 13 : Total Pages :296 pages Book Rating :4.F/5 ( download)
Book Synopsis Status of Railroad Economic Regulation by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads
Download or read book Status of Railroad Economic Regulation written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads and published by . This book was released on 2005 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis American Railroads by : Robert E. Gallamore
Download or read book American Railroads written by Robert E. Gallamore and published by Harvard University Press. This book was released on 2014-06-17 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once an icon of American industry, railroads fell into a long decline beginning around the turn of the twentieth century. Overburdened with regulation and often displaced by barge traffic on government-maintained waterways, trucking on interstate highways, and jet aviation, railroads measured their misfortune in lost market share, abandoned track, bankruptcies, and unemployment. Today, however, as Robert Gallamore and John Meyer demonstrate, rail transportation is reviving, rescued by new sources of traffic and advanced technology, as well as less onerous bureaucracy. In 1970, Congress responded to the industry's plight by consolidating most passenger rail service nationwide into Amtrak. But private-sector freight service was left to succeed or fail on its own. The renaissance in freight traffic began in 1980 with the Staggers Rail Act, which allowed railroad companies to contract with customers for services and granted freedom to set most rates based on market supply and demand. Railroads found new business hauling low-sulfur coal and grain long distances in redesigned freight cars, while double-stacked container cars moved a growing volume of both international and domestic goods. Today, trains have smaller crews, operate over better track, and are longer and heavier than ever before. Near the end of the twentieth century, after several difficult but important mergers, privately owned railroads increased their investments in safe, energy-efficient, environmentally friendly freight transportation. American Railroads tells a riveting story about how this crucial U.S. industry managed to turn itself around.
