[PDF][PDF] Privatization of urban transit: A different perspective
A Black - Transportation Research Record, 1991 - onlinepubs.trb.org
A Black
Transportation Research Record, 1991•onlinepubs.trb.orgBACKGROUND Urban mass transportation iD thi country originated wbolly in the private.
ector. All of the early means of transit of Lhe 19th century-the omnibus, the horsecar the
cablecar the electric streetcar, and the elevated railway-were built, owned and operated by
private companies. Entrepreneur took the risks; some failed but many made large profits. AL
first, there was intense competition, but over time stronger companies bought out weaker
ones, and monopolies emerged in many cities.
ector. All of the early means of transit of Lhe 19th century-the omnibus, the horsecar the
cablecar the electric streetcar, and the elevated railway-were built, owned and operated by
private companies. Entrepreneur took the risks; some failed but many made large profits. AL
first, there was intense competition, but over time stronger companies bought out weaker
ones, and monopolies emerged in many cities.
BACKGROUND
Urban mass transportation iD thi country originated wbolly in the private. ector. All of the early means of transit of Lhe 19th century-the omnibus, the horsecar the cablecar the electric streetcar, and the elevated railway-were built, owned and operated by private companies. Entrepreneur took the risks; some failed but many made large profits. AL first, there was intense competition, but over time stronger companies bought out weaker ones, and monopolies emerged in many cities.
onlinepubs.trb.org