Ben Spohn interviews Mark Aldrich about his 2018 book, Back on Track American Railroad Accidents and Safety 1965-2015. This period marked a decline in safe operating on American railroads through the 1970s which were followed by a period of increased safety and profitability for American railroads. Aldrich makes the case that the joint factors of economic deregulation through the Staggers Act and the federalization of railroad safety via the Federal Railroad Administration (FRA) drew attention to safety issues on the railroad like poor track condition, unsafe grade crossings, or engineer fatigue and left railroads with not only incentives to become safer, but enough money in their coffers to adequately shore up these safety concerns. 

Mark Aldrich is the Marilyn Carlson Nelson Professor of Economics emeritus at Smith College. Back on Track American Railroad Accidents and Safety 1965-2015 is a sequel to Aldrich’s earlier book on railroad safety, Death Rode the Rails: American Railroad Accidents and Safety, 1828-1965. As part of his research for Back on Track Aldrich visited the archives at Hagley. His upcoming book on energy transitions: The Rise and Fall of King Coal American Energy Transitions in an Age of Markets 1800-1940 will be out in early 2025.