US Class I railroads have been operating profitably and carrying substantial market share of traffic, in spite of the inherent disadvantages of rail transport as well as highly developed road, water and air transport infrastructure. This paper examines the key initiatives that railroads have...

This paper outlines the evolution, structure and operations of US railroads. It traces the evolution of the railroad network and the regulation framework. The current industry structure is also examined along with organization and operational characteristics. The strategies underlying the...

This paper outlines the evolution, structure and operations of US railroads. It traces the evolution of the railroad network and the regulation framework. The current industry structure is also examined along with organization and operational characteristics. The strategies underlying the...