Railroad privatization and deregulation: Lessons from three decades of experience worldwide

Authors

Randolph R. Resor, United States Department Of TransportationFollow
Philip G. Laird, University of WollongongFollow

RIS ID

78510

Publication Details

Resor, R. R. & Laird, P. G. (2013). Railroad privatization and deregulation: Lessons from three decades of experience worldwide. Research in Transportation Business & Management, 6 1-2.

Abstract

Railroads exist worldwide, on all inhabited continents. The rail industry began nearly 200 years ago as a series of privately financed ventures in the United Kingdom and the United States, but the ownership model rapidly evolved during the 19th Century. By the middle of the 20th Century, railroads in most parts of the world were government-owned.