Two Centuries of Railroading

Source: Association of American Railroads. Web: .

The steam locomotive is invented in England.
The first public railway in the world opens in England.
The first railroad in North America—the Baltimore & Ohio—is chartered by Baltimore merchants.
The first regularly scheduled steam-powered rail passenger service in the U.S. begins operation in South Carolina, utilizing the U.S.-built locomotive The Best Friend of Charleston.
Andrew Jackson travels from Baltimore to Ellicott's Mills, becoming the first sitting U.S. president to ride the rails.
Five of the six New England states have rail service, as do such frontier states as Kentucky and Indiana.
More than 2,800 miles of track are in operation.
More than 9,000 miles of track are in operation in the U.S., as much as in the rest of the world combined.
More than 30,000 miles of track are in operation in the U.S.
President Abraham Lincoln signs the Pacific Railroad Act for the construction of the transcontinental railroad that will ultimately link California with the rest of the nation.
The “golden age” of railroads begins. For nearly half a century, no other mode of transportation challenges railroads. During these years, the rail network grows from 35,000 to a peak of 254,000 miles in 1916.
On May 10, at Promontory, in the Utah Territory, the “Golden Spike” joins the Union Pacific and Central Pacific railroads, marking completion of the first transcontinental railroad.
The federal government seizes control of the railroads for the duration of World War I.
By the eve of World War II, automobiles, large buses, trucks, planes, and pipelines—supported by government subsidies and less burdened by regulation than railroads—have become full-fledged competitors to railroads.
The Great Depression exacts a heavy toll on the railroad industry, forcing substantial segments of the industry into bankruptcy.
Railroads remain under private control during World War II and move on average twice the monthly volume of both freight and passengers as during World War I.
Railroads enter the postwar era with a new sense of optimism that leads them to invest billions of dollars in new locomotives, freight equipment, and passenger trains. That investment would see retirement of the last steam locomotive by the late 1950s in favor of diesel engines. In spite of this modernization, the decline in rail market share that began before the war resumes.
Burdened by regulation and faced with subsidized competition, nine Class I railroads, representing almost one-quarter of the industry's trackage, file for bankruptcy protection.
The Rail Passenger Service Act creates Amtrak to take over intercity rail passenger service.
Amtrak officially begins service on May 1.
The Railroad Revitalization and Regulatory Reform Act creates the Consolidated Rail Corp. from six bankrupt Northeast railroads. It also includes regulatory reforms that are supposed to make the rail regulatory system more responsive to changed circumstances.
The Staggers Rail Act reduces the Interstate Commerce Commission's regulatory jurisdiction over railroads and sparks competition that stimulates advances in technology and a restructuring of the industry.
Conrail is privatized in what—at that time—was the largest share offering in U.S. history as investors pay $1.9 billion to buy shares in the railroad.
After 108 years, the Interstate Commerce Commission is disbanded and replaced by the Surface Transportation Board, which assumes oversight responsibility for the railroads.
U.S. freight railroads move 1.47 trillion ton-miles of freight, more than ever before, setting new safety records in the process.

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