Mark Aldrich 312 pages hardcover
Throughout the early twentieth century, railroad safety steadily improved across the United States. But by the 1960s, American railroads had fallen apart, the result of a regulatory straightjacket that eroded profitability and undermined safety. Collisions, derailments, worker fatalities, and grade crossing mishaps skyrocketed, while hazmat disasters exploded into newspaper headlines.
In Back on Track, his sequel to Death Rode the Rails, Mark Aldrich traces the history of railroad accidents beginning in 1965, when Congress responded to bankrupt and scandal-ridden carriers by enacting a new safety regime. Aldrich details the federalization of rail safety and the implementation of a massive grade crossing program. He touches on post-1976 economic deregulation, which provided critical financing that underwrote better public safety. He also explores how the National Transportation Safety Board acted as a public scold to shine bright lights on private failings, while Federal Railroad Administration regulations reinforced market incentives for better safety.
Ultimately, Aldrich concludes, the past 50 years have seen great strides in restoring railroad safety while enhancing industry profitability. Arguing that it was not inadequate safety regulation but rather stifling economic regulation that initially caused an uptick in train accidents, Back on Track is both a paen to the return of more competitive railroading and the only comprehensive history of the safety of modern American railroads.