U.S. Freight Rail Economics and Policy

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Author :
Publisher : Routledge
ISBN 13 : 0429632150
Total Pages : 256 pages
Book Rating : 4.4/5 (296 download)

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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.

U.S. Freight Rail Economics and Policy

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Author :
Publisher : Routledge
ISBN 13 : 0429633645
Total Pages : 309 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis U.S. Freight Rail Economics and Policy by : Jeffrey Macher

Download or read book U.S. Freight Rail Economics and Policy written by Jeffrey Macher and published by Routledge. This book was released on 2019-04-25 with total page 309 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.

Railroad Economics

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Author :
Publisher : Elsevier
ISBN 13 : 0080548938
Total Pages : 291 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Railroad Economics by : Scott Dennis

Download or read book Railroad Economics written by Scott Dennis and published by Elsevier. This book was released on 2007-07-09 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research in Transportation Economics is now available online at ScienceDirect — full-text online of volumes 6 onwards. Elsevier book series on ScienceDirect gives multiple users throughout an institution simultaneous online access to an important compliment to primary research. Digital delivery ensures users reliable, 24-hour access to the latest peer-reviewed content. The Elsevier book series are compiled and written by the most highly regarded authors in their fields and are selected from across the globe using Elsevier’s extensive researcher network. For more information about the Elsevier Book Series on ScienceDirect Program, please visit:http://www.info.sciencedirect.com/bookseries/

Economics, Service, and Capacity in the Freight Railroad Industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economics, Service, and Capacity in the Freight Railroad Industry by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine

Download or read book Economics, Service, and Capacity in the Freight Railroad Industry written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine and published by . This book was released on 2012 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transportation Policy and Economic Regulation

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Author :
Publisher : Academic Press
ISBN 13 : 0128126213
Total Pages : 380 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Transportation Policy and Economic Regulation by : John Bitzan

Download or read book Transportation Policy and Economic Regulation written by John Bitzan and published by Academic Press. This book was released on 2018-04-14 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses a number of today’s important transportation policy issues, exploring a variety of transportation modes, and examining the policy implications of a number of alternatives. Theodore Keeler had a distinguished career in transportation economics, helping to shape regulatory policies concerning the transportation industries and assessing the appropriateness of various policies. A distinguishing feature of his work is that it always had policy implications. As a tribute to Theodore Keeler, this book examines transportation policy issues across a variety of transportation industries, including aviation, railroads, highways, motor carrier transport, automobiles, urban transit, and ocean shipping. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing an in-depth analysis of some of today’s important transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market’s role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. In addition to examining various transportation policy issues in the U.S., the book explores some approaches to dealing with transportation issues in different parts of the world. Contemporary transportation policy debates have broadened from their initial focus of primarily examining the merits of reforming economic regulations at national levels, to now examining a variety of issues such as alternative methods of social regulation (such as safety regulation and emission controls), new approaches to changing economic regulations, the potential for reforming international regulations, and the appropriate role for government in transportation. Examines transportation policy developments across a variety of modes, including some international analysis Shows how new policy changes, such as changes in regulation, affect overall transportation system performance Features chapters that use innovative methodologies, such as Bayesian techniques, qualitative analysis, and an attribute-incorporated Malmquist productivity index Examines the ways that policy impacts depend on a variety of factors, and shows how economic tools can be used to gain greater insights into the likely impacts of policy and the desirability of various policies Analyzes transport prices, quality of service, safety, the use of information technology and operating issues, highlighting how transportation enhances quality of life

The Economic Effects of Surface Freight Deregulation

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815714386
Total Pages : 80 pages
Book Rating : 4.8/5 (157 download)

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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.

Railroads, Freight, and Public Policy

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815717799
Total Pages : 204 pages
Book Rating : 4.7/5 (177 download)

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Book Synopsis Railroads, Freight, and Public Policy by : Theodore E. Keeler

Download or read book Railroads, Freight, and Public Policy written by Theodore E. Keeler and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines railroad regulation and public policy regarding the freight industry.

Freight and Passenger Rail

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Author :
Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Freight and Passenger Rail by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads, Pipelines, and Hazardous Materials

Download or read book Freight and Passenger Rail written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads, Pipelines, and Hazardous Materials and published by . This book was released on 2009 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Freight Railroads

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Author :
Publisher : BiblioGov
ISBN 13 : 9781289086817
Total Pages : 32 pages
Book Rating : 4.0/5 (868 download)

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Book Synopsis Freight Railroads by : U. S. Government Accountability Office (

Download or read book Freight Railroads written by U. S. Government Accountability Office ( and published by BiblioGov. This book was released on 2013-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 25 years ago, Congress transformed federal freight rail transportation policy. At that time, after almost 100 years of economic regulation, the railroad industry was in serious economic decline, with rising costs, losses, and bankruptcies. In response, Congress passed the Railroad Revitalization and Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980. Together, these pieces of legislation substantially deregulated the railroad industry. Since the passage of the Staggers Rail Act in 1980, we have issued several reports on the freight railroad industry. In October 2006, we issued our most recent report on the freight rail industry. The objectives of this report were to determine (1) the changes that have occurred in the freight railroad industry since the enactment of the Staggers Rail Act, including changes in rail rates and competition in the industry; (2) the actions STB has taken to address concerns about competition and captivity and any alternative approaches that could be considered to address remaining concerns; and (3) the projections for freight traffic demand over the next 15 to 25 years, the freight railroad industry's ability to meet that demand, and potential federal policy responses. Among other things, this report describes the significant changes that have taken place in the railroad industry and reports that from 1985 through 2004, rates generally decreased, but nominal grain rates increased 9 percent. We also found that, on some routes, the amount of grain traveling at rates significantly above the threshold for rate relief had increased since 1985.

The Past and Future of U.S. Passenger Rail Service

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Author :
Publisher : Government Printing Office
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Past and Future of U.S. Passenger Rail Service by : Elizabeth Pinkston

Download or read book The Past and Future of U.S. Passenger Rail Service written by Elizabeth Pinkston and published by Government Printing Office. This book was released on 2003 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: Amtrak's current situation -- A brief history of Amtrak -- Amtrak's role in intercity transportation -- The basic economics of passenger rail -- Policy options for the future of passenger rail -- Appendix. Amtrak's interconnections with freight and commuter railroads.

Freight Rail Transportation

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Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Freight Rail Transportation by : Elizabeth Pinkston

Download or read book Freight Rail Transportation written by Elizabeth Pinkston and published by . This book was released on 2006 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Rail Freight Challenge for Emerging Economies

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Publisher : World Bank Publications
ISBN 13 : 1464813817
Total Pages : 65 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis The Rail Freight Challenge for Emerging Economies by : Bernard Aritua

Download or read book The Rail Freight Challenge for Emerging Economies written by Bernard Aritua and published by World Bank Publications. This book was released on 2019-01-18 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report captures ways in which policy makers and senior officials in railway organizations from emerging economies can accelerate modal shift to rail. Such officials, as well as the general public, aspire for more freight to be moved by rail. The environmental and societal benefits of such a shift are compelling. And yet investment in railways is often not followed by a corresponding increase in freight moved by rail. This report highlights the fact that, in a world of changing global supply chains and logistics, the approach to regaining modal share needs to be different. The expectation that lower cost and efficient rail service will automatically lead to modal shift from road to rail has not been a reality in most emerging economies. Modern railways focus on understanding the logistics of targeted freight and positioning rail transport services as part of an overall logistics system aimed at meeting the needs of customers.

Fast-forward

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Publisher : Rand Corporation
ISBN 13 : 0833047485
Total Pages : 163 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis Fast-forward by : Richard John Hillestad

Download or read book Fast-forward written by Richard John Hillestad and published by Rand Corporation. This book was released on 2009 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: "On January 29, 2009, the RAND Corporation hosted a panel discussion with three former U.S. Secretaries of Transportation [William T. Coleman, Jr., James H. Burnley IV, and Rodney Slater]. This wide-ranging discussion, held the week after President Barack Obama's inauguration and during the congressional debate over the stimulus package (eventually passed as the American Recovery and Reinvestment Act of 2009), allowed the former secretaries to share their insights into transportation policymaking"--Preface

Modernizing Freight Rail Regulation

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Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (922 download)

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Book Synopsis Modernizing Freight Rail Regulation by : National Research Council (U.S.). Committee for a Study of Freight Rail Transportation and Regulation

Download or read book Modernizing Freight Rail Regulation written by National Research Council (U.S.). Committee for a Study of Freight Rail Transportation and Regulation and published by . This book was released on 2015 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRB Special Report 318: Modernizing Freight Rail Regulation examines the future role of the Surface Transportation Board (STB) in overseeing and regulating the service levels and rate offerings of railroads. This congressionally-requested report recommends approaches to resynchronize a regulatory program that has become outdated. The U.S. freight railroad industry has modernized and has become financially stable since the Staggers Rail Act of 1980, but the study committee finds that some of the industry's economic regulations have not kept pace and should be replaced with practices suited to today's freight rail system. The study committee finds that more appropriate, reliable, and usable procedures are needed for resolving rate disputes. The committee recommends that Congress should prepare to repeal the formula for eligibility for rate relief and should direct the U.S. Department of Transportation to develop a screening tool that compares disputed rates with rates charged in competitive rail markets. Current methods make artificial and arbitrary estimates of the cost of rail shipping. Adjudication can cost millions of dollars, and some cases have taken years to resolve, deterring shippers with smaller claims. Simplified methods that are economically valid and practical have yet to be introduced. The study committee recommends that STB replace hearings on the reasonableness of rates with arbitration hearings that compel faster, more economical resolutions. Merger reviews should be transferred to antitrust agencies, according to the committee, which also recommends that STB collect and analyze shipment-level data on service quality in overseeing the railroads' response to common carrier service obligations.

Will the Train Ever Leave the Station?

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Author :
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Will the Train Ever Leave the Station? by : Russell Pittman

Download or read book Will the Train Ever Leave the Station? written by Russell Pittman and published by . This book was released on 2007 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

American Railroad Economics

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Publisher :
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis American Railroad Economics by : Aaron Morton Sakolski

Download or read book American Railroad Economics written by Aaron Morton Sakolski and published by . This book was released on 1913 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Rail Freight Transportation Rate Regulation, Excess Capacity, and Competition

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Author :
Publisher :
ISBN 13 :
Total Pages : 226 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis The Economics of Rail Freight Transportation Rate Regulation, Excess Capacity, and Competition by : James Alfred Caron

Download or read book The Economics of Rail Freight Transportation Rate Regulation, Excess Capacity, and Competition written by James Alfred Caron and published by . This book was released on 1979 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: