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American Railroads: Decline and Renaissance in the Twentieth Century, by Robert E. Gallamore

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Review

“Detailed, sophisticated, occasionally technical, and provocative, [Gallamore and Meyer’s] book provides a superb and often fascinating analysis of the economics, technological change, and the impact of public policy on an iconic American industry… Gallamore and Meyer have thrown down the gauntlet to policymakers. The burden may well now be on them to demonstrate, through a careful analysis of costs and benefits, that regulation of passenger and/or freight railroads is in the public interest.”―Glenn C. Altschuler, Philadelphia Inquirer“A comprehensive account… American Railroads is a readable history with a focus on freight rail.”―Daniel Machalaba, Wall Street Journal“This book is a readable and provocative economic and business history of American railroads over the twentieth century. It draws together the themes of infrastructure development, regulation, stagnation and financial crisis, deregulation, and finally revitalization. It is a fascinating and instructive tale, very well told.”―Porter K. Wheeler, Transportation Policy Consultant, and former Manager of P3 Projects, Maryland Transportation Authority“A remarkable book and an exceptional resource for a variety of constituencies in the transportation field.”―Joseph M. Sussman, Massachusetts Institute of Technology

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About the Author

Robert E. Gallamore is Adjunct Professor in Rail Management at Michigan State University.John R. Meyer was James W. Harpel Professor of Capital Formation, Emeritus, at the John F. Kennedy School of Government at Harvard University.

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Product details

Paperback: 528 pages

Publisher: Harvard University Press; Reprint edition (November 21, 2016)

Language: English

ISBN-10: 9780674970793

ISBN-13: 978-0674970793

ASIN: 0674970799

Product Dimensions:

7 x 1.2 x 10 inches

Shipping Weight: 1.6 pounds (View shipping rates and policies)

Average Customer Review:

4.2 out of 5 stars

26 customer reviews

Amazon Best Sellers Rank:

#226,698 in Books (See Top 100 in Books)

This book is is a comprehensive review of the history of railroads and other modes of transport in the United States. The low rolling friction of steel wheels on steel rails is the underlying technology of railroads. The resulting transport system does not carry as much weight as water transport, is not as flexible as trucks, not as convenient as automobiles, efficient as pipelines, or fast as airplanes. But it is in second place of all of them for most markets, and served to open the vast reaches of the country before all those (other than water) became viable.This book relates in great detail how the railroads over came arcane regulation, modal competition, the vagaries of politics, and significant chicanery to become the viable industry they are today. It is a page skipper rather than a page turner, but different ares of specialization will skip different sections. I found the costing/pricing discussions, the many lists of names (in 1925), merger details, and specifics of government proposals numbing. Others might find the areas that interested me most, technology, and operating details, of less interest. Overall the amount of detail covered is impressive.The authors are economists, and it shows. Many of the technical segments indicate lack of detailed background. The word "microprocessors", for example, is used to the exclusion of the software, storage, and communication that makes them useful. "Information technology" or some similar term would be more appropriate. A "system" exists in two significant and tightly linked world, physical and information. Until recently the physical aspects have dominated, but now the information aspects have blossomed. Positive Train Control (PTC) can exist only if all traffic the details are available in a central processing system. But with contemporary information technology every detail of every consist in a section of track can be transmitted continuously, and used to optimize effective capacity, immediately increasing revenue. That is using information technology to control real-world system components. It would appear that utilization of information technology is the most important technological innovation of the past fifty years.American Railroads is a major contribution to understanding an important transportation system. It tells a number of stories about operating trains, the life cycle of large organizations, the extreme burden of excess regulation, technology evolution, accounting, and the critical importance of excellent management. It would be better if it were about half the length, and the price is clearly higher than it should be. Overall, however, it is a very useful contribution, and I highly recommend it.

Despite my 5 star review I do have some observations which may be of use to possible readers.This is a wonkish book. If you don't like that kind of non-fiction don't read it.My interest in railroads is mostly geography and economics. Given that it is really is a must-read.Yet the author cannot resist his acknowledged bias of RR management. He occasionally rants free market fundamentalism, despite also acknowledging that RRs are not a free market - cannot run without government rule making, subsidies, and et cetera. Adam Smith would know the type.He uses and seems to believe the silly aphorism, The government that regulates least, governs the best.(not exact wording), but he says the same sorts of things in any number of chapters. It is a more than a little irksome to filter out the crap, but:Don't let that stop you. The knowledge, history, comprehensiveness, clarity of writing makes this book a pleasure to read.If you are a free market fundamentalist, grow up! I quite believe that regulations have all sorts of problems, and can never quite work right - as does all the rest of life in a complex society. I also am a railroad fan, and am aware that just about all of our railroads are going to need government subsidies in the decades ahead.

This book is a must-read for anyone interested in economists and public-policy. I am neither, but have always been curious about how government regulation can play out. I believe regulation is required in a effective capitalist system, just like rules are needed in sports. But how to do it?The authors are amazing at explaining and telling a story. All along the way, they explain economic and political theory so a lay person like myself can understand the issues. They cover 100 years of railroad regulation, tying it into the political/economic situation at the time. They are not afraid to voice an opinion, but they cover the various sides of an issue thoroughly and even-handedly.However, this book is not aimed at railfans, unless they are interested in the business sides of railroads. This is like the one article in Trains magazine every month that goes deep on business, regulation and economics. If you read Trains and like these articles, you will really like this book. If you skip over these articles, don't buy this book.

I bought because of the review in the WSJ. Full of careful thought and study, this is not a coffee table picture book. The US Government helpedto wreck the railroads with subsidized river traffic. InterState trucking and passenger air travel grew after the 1950's. Railroads are still the best andmost efficient way to move bulk freight. Today's Class I railroads are efficient money making corporations.

I grew up in a "railroad family" and this book brought back some good and some bad memories. If you really like American railroad history this book is fine. However, it is long and very detailed about that history. It is not a book for a reader with only a casual knowledge/interest in railroads.

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