Railroad Mergers and the Language of Unification
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- ISBN 9781567201666
- Publication Date: 24 Feb 1998
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
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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.
JAMES B. BURNS taught in the History Departments of the University of Maryland, Mississippi State University, Catonsville Community College, and Essex Community College.
