Synergies of the Liberalization of the Railway Transport Market

Abstract

The liberalization of transport market brings various effects, which in the context of the assessment of synergies can affect in different ways the company, a customer as such, and transport undertakings operating on the railway transport market as well. This paper provides an innovative perspective on the relationship between liberalization and synergy, defining new types of synergies that have not yet been monitored in the conditions of railway transport. This approach is interesting because of the possibility of assessing the operation of railway undertakings in the open transport market. The eminent is characteristic of integration type synergies and emergence type synergies in relation to railway transport, as well as the breakdown of synergies in relation to the customer and carrier.

Creating Safe and Competitive Conditions for the Provision of Rail Transport Services

“…This means that Member States must restrict adoption of new national safety regulations in order to harmonize them. Another objective is the interoperability aimed at an optimal level of technical harmonization (Panák et al 2017;Nedeliakova and Panák 2015). Liberalization, privatization and globalization of economies have led to high level of competition in railway sectors and that transportation sector is growing at an exponential rate and various regulations and directives are particularly seen in this industry (Jupe and Funnell, 2015;Ozkan et al 2016).…”