Rail systems around the world are mostly owned and operated by the public. But the U.S. has only ever flirted with public ownership, and mostly in moments where this seemed like the only way to preserve a functional railroad system. Instead, for almost a century, we pursued a model of regulating corporate railroads to fulfill their public purpose while sustaining the revenue needed to keep them afloat. Meeting both of these objectives proved to be a balancing act which took decades to achieve, by which time it was already coming undone, thanks to massive public investments in competing modes of transportation. While it lasted, however, this system fueled the rise of what was, at the time, the largest middle class ever known.

In Episodes 2 and 3, we focused on how the public responded to the partial collapse of this system in 1970 by creating Amtrak, a publicly-owned passenger railroad which relieved railroad corporations of their costly obligation to move people. We also discussed how Amtrak was nonetheless tasked with making a profit on this money-losing service, forcing it to eviscerate the nation’s passenger rail system in pursuit of that goal.

In this episode, we retrace this history from the freight rail side of things, showing how our refusal to take full public responsibility for this critical infrastructure, even when circumstances seemed to cry out for it, led us on a wild goose chase in search of another path to stability. That chase carried us through two industry-wide death spirals, two merger waves, two temporary nationalizations, and a record-shattering bankruptcy, until legislators finally decided to change the paradigm—not by taking on the cost of providing the service, but rather by sacrificing service and giving free rein to Wall Street greed, all in the name of economic efficiency.

Reconnect America is hosted by Bill Moyer, co-author of the book Solutionary Rail: A People-powered Campaign to Electrify America’s Railroads and Open Corridors to a Clean Energy Future. Check out the essays and supplemental posts that complement this podcast HERE.

Learn more, get involved and pitch in to support the work of Solutionary Rail at SolutionaryRail.org. Keep the podcast ads-free and without paywalls by making a tax-deductible donation HERE.

Recommended: Phillip Longman’s October 2024 article arguing that fixing our freight rail system is a prerequisite to re-industrializing the U.S., “Train Drain: How deregulation and private equity have gutted the U.S. freight rail system—and with it, the promise of America’s industrial renewal”

Co-written and produced by Bill Moyer and Sasha Elenko. Engineering by August Moore and Tom Stiles. Musical theme by Ken Jacobsen and additional music by Ota Prota.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit solutionaryrail.substack.com