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...

South Korea, like many countries, is engaged in a policy debate concerning possible railways reforms. However, unlike most countries, here the focus of discussion has been the government’s proposal to open high-speed passenger train lines to a second train company that would supply on-track...

After the horrific and deadly train explosion at Lac-Mégantic, Que. in the summer of 2013, there are serious questions being raised publicly about the safety of Canada’s rail-transport system. Unfortunately, Canada’s public rail-safety data are currently in no shape to provide the answers...

The government-owned transport corporations that provide intra city bus service in India suffer from huge loss. Hence it is necessary to improve the earnings of the transport corporations by innovative pricing. This paper looks at the passengers' reservation price for assured seat and builds up...

Like other countries with vertically integrated, state-owned railroads, the Russian Federation has begun a process of corporate restructuring designed to lead to full vertical separation of train ownership from track operation. This model is popular with economists and reformers around the...

The railways of Russia and the CEE countries - generally much more freight oriented, and much more important to their countries' economies, than those of Western Europe - are in the process of restructuring. In most cases the "vertical separation" reform model is being pursued, and reformers are...

In December 2003, the National Highway Traffic Safety Administration (NHTSA) issued an Advanced Notice of Proposed Rulemaking that sought comments on suggested changes to the corporate average fuel economy (CAFE) program. Among other regulatory concepts, NHTSA suggested that future CAFE...

The Staggers Rail Act of 1980 relaxed restrictions on pricing and eased abandonment procedures in the railroad industry. Although the Act made virtually no reference to labor, its impact on labor has been dramatic. The long-term contraction of industry employment accelerated quite sharply after...

Optimal pricing facilitates attainment of specific goals. The optimum price to achieve profit maximization may differ from the one needed to maximize welfare or to ensure the highest revenue. Profit maximization is the traditional motivation of the private firms. In case of private monopoly...

The aim of this study is twofold. First, it aims to put forward new information concerning the technical characteristics of State Road Transport Undertakings (henceforth, STUs) on the basis of a sample of medium and large-size Indian states. Second, it aims to analyze the level of productive...