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Title:

ECONOMIC ANALYSIS OF AN END-TO-END RAILROAD MERGER

Accession Number:

00485713

Record Type:

Component

Availability:

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Order URL: http://worldcat.org/isbn/0309047218

Abstract:

End-to-end railroad mergers involve two or more carriers that serve separate regions and connect with each other at relatively few points. Such mergers are likely to increase economic welfare, but the magnitude of the increase depends on the individual markets involved. This study quantifies the effect of the Chessie System--Family Lines merger on economic welfare. Estimates are developed for both the demand and the cost of surface freight transportation in specific transportation markets. The model developed is sufficiently general to allow for rail, truck, and barge competition and for changes in cost, price, service time, market share, and market size as a result of the merger. The cost savings and service time improvements resulting from this end-to-end merger are estimated to increase economic welfare by $340 million to $350 million per year. Although different markets may display different results, it appears that end-to-end railroad mergers with similar characteristics may well confer substantial economic benefits.

Supplemental Notes:

This paper appears in Transportation Research Record No. 1177, Railroad Regulation Issues, Rail Passenger Services, Railroad Bridges, and Track Maintenance Management. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved

Monograph Accession #:

01416534

Authors:

Dennis, Scott M

Pagination:

p. 6-15

Publication Date:

1988

Serial:

Transportation Research Record

Issue Number: 1177
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

0309047218

Features:

Figures (2) ; References (20) ; Tables (3)

Subject Areas:

Economics; Finance; Freight Transportation; Highways; Railroads; Society

Files:

TRIS, TRB

Created Date:

Jul 31 1989 12:00AM

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