List of illustrations; List of charts, figures and maps; List of tables; Foreword; Preface; List of abbreviations; Chronology; 1. Introduction: nationalisation; Part I. the British Transport Commission and the Railway Executive, 1948–53: 2. Organisation; 3. Investment; 4. Revenue costs and labour relations; Part II. The British Transport Commission 1953–62: 5. The new railway organisation; 6. Deficits, markets and closures; 7. Wages, unions and productivity; 8. The Modernisation Plan and investment; Part III. The British Railways board, 1963–73: 9. The 'Beeching Revolution': organisation and reorganisation; 10. Financial performance and rationalisation; 11. Markets, pricing and commercial strategy; 12. Investment, labour relations and productivity; 13. Conclusion; Part IV. Statistical Appendices; Notes; Select bibliography; Index.

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Originally published in 1986, this is a business history of the first twenty-five years of nationalised railways in Britain.

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