The evolving global railway industry

Authored by: Chris Nash

The Routledge Companion to Network Industries

Print publication date:  November  2015
Online publication date:  November  2015

Print ISBN: 9781138782822
eBook ISBN: 9781315768984
Adobe ISBN: 9781317668084

10.4324/9781315768984.ch7

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Abstract

In the last 50 years, the rail industry has faced growing competition from road and air transport, and has lost its former role of providing comprehensive freight and passenger transport for the transport market as a whole. Nevertheless, in most parts of the world it has found important and growing markets in specific market segments – bulk and long-distance freight (including containers), medium-distance intercity passenger travel, and commuter services into large cities. The first part of this chapter discusses the economic and commercial position of rail, including the major technological advances that have influenced this position (such as double-stack containers, high-speed rail, cab signaling, etc.).

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