Engineering Commons^™

Railroad Privatization And Deregulation: Lessons From Three Decades Of Experience Worldwide, Randolph Resor, Philip Laird

Dr Philip Laird

Railroads exist worldwide, on all inhabited continents. The rail industry began nearly 200 years ago as a series of privately financed ventures in the United Kingdom and the United States, but the ownership model rapidly evolved during the 19th Century. By the middle of the 20th Century, railroads in most parts of the world were government-owned.