American Railroads: Decline and Renaissance in the Twentieth Century
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American Railroads: Decline and Renaissance in the Twentieth Century
Overregulated and displaced by barges, trucks, and jet aviation, railroads fell into decline. Their misfortune was measured in lost market share, abandoned track, bankruptcies, and unemployment. Today, rail transportation is reviving. American Railroads tells a riveting story about how this iconic industry managed to turn itself around.