Railroad Mergers and the Language of Unification

Download or read book Railroad Mergers and the Language of Unification written by James B. Burns and published by Bloomsbury Publishing USA. This book was released on 1998-02-24 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1970 and 1997, the nation's railroads engaged in corporate mergers in an effort to stem the decline of the industry's market base, increase low return on investments, and counter the deterioration of trackage and equipment. The 73 Class I carriers in existence in 1970 have been consolidated into only 10 today. The recent battle over Conrail is only the most recent and highly publicized example of this trend that resulted from the relaxation of federal regulation. Business scholars, economists, railroad buffs, and anyone interested in transportation and federal regulation will find this book an invaluable tool.