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Extra resources for Railroad Economics (Research in Transportation Economics)

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Railroads caught the quality bug, earnestly pursuing customer satisfaction and business process reengineering initiatives. Struggling with century-old customers and regulatory legacies, the industry nonetheless negotiated significant changes in contractual agreements with labor unions and aggressively reduced employment levels. 40 WILLIAM G. WATERS II Realizing notable success in all these areas, total factor productivity soared. 5 times between 1980 and 1995. (Gallamore, 1999, p. 495). Bereskin (1996) and Wilson (1997) both examined rail productivity postStaggers and found significant productivity increases.

A better freight rate index is a weighted average of many freight movements over time weighted by their respective freight charges. S. Class I railroads. This uses data from a one percent waybill sample. A plot of the output price index is in Exhibit 3 along with the rail cost recovery indicator which is what the industry and the STB uses as an input price index for the rail industry. These data are available from 1990. 500 Year Exhibit 2. S. Class I Rail, 1974–2005. Source: Data supplied by the Association of American Railroads.

But there is no unanimity. , Rothengatter, 2003). Nonetheless, it is a recurrent theme in European transport policy and a major influence on research directions (Nash & Sansom, 2001, Nash & Matthews, 2005b; Quinet, 2005). 23 Especially in highdensity corridors or networks, passenger operations are highly complex with tight time tables and rigorous traffic control. These are major and costly operating requirements compared to that of long distance freight operations such as in North America. Passenger markets, particularly urban and shorthaul intercity travel, raise some economic arguments for subsidy.

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