
Reconnect America
Episode 5. Profitability at Any Cost: The Price We Paid to Rescue U.S. Railroads
<p> “In the 10 years from 1970 to 1980, America’s relationship to its railroads underwent a profound reorientation of purpose, a paradigm shift that—if we examine it carefully—helps us understand and interpret the circumstances we find ourselves in today.”</p><p>So begins Episode 5. </p><p>As we saw in Episode 4, this paradigm shift was meant to address a profound crisis within the railroad industry: faced with competition from other modes of transport—which, unlike railroads, were heavily subsidized by the public—the nondiscriminatory service and pricing that we had required of railroad corporations for almost a century was now driving several...






