Author

Contributions

  • United States. Dept. of Transportation. Office of the Assistant Secretary for Policy and International Affairs - Contributor
  • United States. Office of Intermodal Transportation - Contributor
  • R.L. Banks & Associates. - Contributor

Publication

1978 - for sale by the National Technical Information Service, Washington, District of Columbia

Language

English

Word Count

17,000 words, Guess

Page Count

68 pages

Identifiers

Classifications

  • LCCHE18.5 .A323 no., DOT-, TPI-10-, 78-35

Alternate Titles

  • Analysis of investment projects from the railroad industry perspective

Description

This document reports the results of financial analyses of 63 investment opportunities based on information supplied by 13 railroads. The report discusses financial analysis methodology, the composition of railroad capital budgets, the relative attractiveness of different kinds of railroad investments, the sensitivity of the financial analyses to changes in key assumptions, and institutional factors affecting the attractiveness of railroad investments.

Description

This study deals with the impact of railroad investments on the profits of all the affected companies in the railroad industry, not just the railroad making the investment. It draws upon interviews with executives at 13 railroads, data on 96 investment projects undertaken or proposed by these railroads, and numerous published sources. The study demonstrates that the investments made by individual railroad companies are sometimes not the best investments from the industry point-of-view, and occasionally do more harm than good. This disparity stems from three factors: the railroads' indifference to the impacts which their investments have on other railroads; the limitations on the size of investments caused by the fragmentation of the industry's capital resources; and the administrative barriers to the undertaking of joint projects within the industry. The study describes each of these factors and discusses their implications for railroads and governments.

Subjects

Series Statement

  • Report - Dept. of Transportation ; no. DOT-P-10-78-35

Other Editions

  • Rail system investment analysisfor sale by the National Technical Information Service1978

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