Description: Overregulated and displaced by barges, trucks, and jet aviation, railroads fell into decline. Their misfortune was measured in lost market share, abandoned track, bankruptcies, and unemployment. Today, rail transportation is reviving. American Railroads tells a riveting story about how this iconic industry managed to turn itself around.
Brief description: Robert E. Gallamore is Adjunct Professor in Rail Management at Michigan State University.
Review Quotes: This book is a readable and provocative economic and business history of American railroads over the twentieth century. It draws together the themes of infrastructure development, regulation, stagnation and financial crisis, deregulation, and finally revitalization. It is a fascinating and instructive tale, very well told.--Porter K. Wheeler, Transportation Policy Consultant, and former Manager of P3 Projects, Maryland Transportation Authority