STRUCTURAL REORGANIZATION OF THE NORTHEAST RAILROADS

The Regional Rail Reorganization Act of 1973 was enacted upon recognition by Congress that bankruptcy reorganization of the failed Eastern railroads was not practicable. One primary purpose was supply of large government funding for restoration of lines and equipment. Another purpose was restructuring of the bankrupt lines through coordination of viable segments and abandonment or short-term subsidy of net-loss lines. This study is a critique of the coordination and abandonment proposals. The hypothesis is that the coordination proposals are wholly inadequate to create a viable Northeast rail system and that abandonments are likewise insufficient. Over investment in lines and yards fosters inefficiency in organization and operation of the Eastern carriers. The failure of the statute to meet the problem and coordination really needed to resolve it is illustrated.

  • Corporate Authors:

    Association Interstate Commerce Comm Practitioner

    1112 ICC Building
    Washington, DC  United States  20423
  • Authors:
    • Conant, M
  • Publication Date: 1976-1

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00129800
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Mar 10 1976 12:00AM