Title

Operations Research in Rail Pricing and Revenue Management

Document Type

Book Chapter

Publication Date

2015

Publication Source

Handbook of Operations Research Applications at Railroads

Abstract

Market-based pricing decisions in U.S. freight rail are relatively new. Prior to 1980, U.S. freight rail prices were closely regulated by the federal government, leaving little flexibility for railroads to manage prices, and to a large degree handicapping the railroads financially. Since 1980, railroads have undergone an operating renaissance, rationalizing both physical plant and operating plan efficiencies. At the same time, while still obligated to “common carrier” commitments to continue service, railroads have been freed to price services according to market forces.

Inclusive pages

243-254

ISBN/ISSN

9781489975706

Comments

Permission documentation is on file.

Publisher

Springer

Volume

222

Place of Publication

New York, NY

Peer Reviewed

yes