79-213 The American Railroad: Decline and Renaissance in the Age of Deregulation

6 units, Carnegie Mellon University

Railroads in the USA are often considered as a subject for nostalgia or public sector failure, an image largely based on passenger service. However, the USAs private sector freight rail industry is considered a model for the world as the result of its renaissance following deregulation in 1980. This is a stealth industry whose history and economics are both intertwined and complex. Students will gain a basic understanding of the industrys history and economics and its role in the national transportation network, with special attention to the past halfcentury. In addition, students will participate in small group research projects in particular areas of special interest for example, economic history, industry and safety culture, network economics, utility regulation or transportation policy.

Prerequisites: none listed

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