BRITAIN'S TRAINS - 150 YEARS AND DEEPER IN DEBT

Rail passenger transport in Britain is celebrating its 150th anniversary with a massive deficit and grave doubts about its future. Few financing options are left for a railway system that has tried just about everything to stay alive. Like the U.S., the British Railways suffer from over-regulation and from capital starvation. The author concludes that status quo will not long be tolerated. He foresees route reductions, abandonment of some carload freight, higher intercity rail fares, growing subsidies for commuter service and a reduction in the labor force and in the relative earnings of the remaining workers.

  • Availability:
  • Corporate Authors:

    New Science Publications

    128 Long Acre
    London,   England  WC2 9QH
  • Authors:
    • GWILLIAM, K
  • Publication Date: 1975-9-25

Media Info

  • Pagination: p. 698-701
  • Serial:
    • NEW SCIENTIST
    • Volume: 67
    • Issue Number: 968
    • Publisher: REED BUSINESS INFORMATION LTD
    • ISSN: 0262-4079

Subject/Index Terms

Filing Info

  • Accession Number: 00127708
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 3 1975 12:00AM