FINANCIAL AND DEMOGRAPHIC CONDITIONS ASSOCIATED WITH LOCAL AND REGIONAL RAILROAD SERVICE FAILURES

The purpose of this paper was to determine if certain financial and/or other demographic ratios might be employed as a method of assessing the relative viability of local and regional (L&R) railroads. In essence, the analysis sought to determine which quantitative factors have been historically related to L&R railroad success and failure. A discriminant model was discovered that was able to accurately classify over 90 percent of failed and successful L&R railroads 1 year immediately before failure. However, the main conclusion from the study was that financial modelling, while useful, is only one analysis tool that can provide insight into L&R railroad viability. The greatest chance for viability of L&R railroads was found to be the ability of railroad management to effectively plan and deal with a changing and uncertain environment.

• Record URL:
  • https://hdl.handle.net/2027/uc1.c104685756?urlappend=%3Bseq=13
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/7938948
• Corporate Authors:

  Eno Transportation Foundation

  P.O. Box 2055, Saugatuck Station
  Westport, CT  United States  06880-0055
• Authors:
  • Wolfe, K E
• Publication Date: 1989-1

Media Info

• Features: Figures; Tables;
• Pagination: p. 3-28
• Serial:
  • Transportation Quarterly
  • Volume: 43
  • Issue Number: 1
  • Publisher: Eno Transportation Foundation
  • ISSN: 0278-9434

Subject/Index Terms

• TRT Terms: Discriminant analysis; Failure; Finance; Railroads
• Uncontrolled Terms: Financial management
• Old TRIS Terms: Discriminate analysis
• Subject Areas: Administration and Management; Finance; Highways; Railroads;

Filing Info

• Accession Number: 00479342
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 31 1989 12:00AM