Friebel, Guido; McCullough, Gerard; Angulo, Laura Padilla - In: Journal of Transport Economics and Policy 48 (2014) 1, pp. 115-135
We investigate the restructuring of the US freight railroad industry after its deregulation. An econometric analysis of the joint effects of 'defensive' and 'strategic restructuring' reveals that, unsurprisingly, downsizing of the physical network has affected financial performance positively....