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Productivity, Pricing, and Profitability in the U.S. Rail Freight Industry, 1995-2004
2010
Journal of the Transportation Research Forum
Rail industry productivity grew by 7% per year from 1984 to 1995, but most of the benefi ts to the industry were offset by reductions in rail rates and the increasing need for capital expenditures. Rail rates declined by more than one-third during that period, while fi nancial measures, such as return on shareholders equity and net railway operating income, showed only a modest improvement. From 1995 to 2004, productivity improved 5% per year, prices continued to fall, and fi nancial
doi:10.5399/osu/jtrf.45.3.626
fatcat:z5prruqcavgtdaxhgfcdt5koqe