The rail billionaires

Article Abstract:

The way that British Rail was privatized has created a number of problems, and taxpayers have had to pay billions of pounds sterling, while rail travelers have suffered as a result of the poor service. Privatization was carried out rapidly by the Conservative administration and with the aim of ensuring that the industry could not be nationalized by any subsequent Labor administration. The rules of the system have to be changed in order for incentives to work in a more efficient way. This includes incentives for Railtrack to invest, or demand will not be met.

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Steaming: American railways

Article Abstract:

Large railroad companies are consolidating, arguing that greater efficiency and lower prices are achieved when railroads grow in size. But shippers assert that the mergers are anti-competitive and that services are subpar. the Dept of Justice has been wary of the mega-mergers between railroads.

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The gravy train: rail privatization

Article Abstract:

The proposal for Railtrack's privatization includes incentives to investors, because the British government believes that the railroad will not be profitable until after a few years. The railroad should not be sold completely immediately but in stages as share prices rise.

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