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Regulated, protected marketplaces are ultimately yesterday’s marketplaces given the basic truth that what’s protected from market realities is ultimately blind to them.
To embed, copy and paste the code into your website or blog: Colonial Pipeline shut down 5,500 miles of its East Coast pipeline on May 7, 2021, in an effort to contain a security breach resulting from a ransomware attack. Colonial’s pipeline is one of the nation’s largest and carries refined gasoline and jet fuel from Texas up the East Coast to New York. This represents nearly 45% of the fuel consumed on the East Coast. Ransomware attacks have increased in recent years, affecting many industries from banks, universities, and cities. Generally, a ransomware attack is a coordinated effort b...
The Atlantic Coast Line Railroad was a key Southern railway in the 19th and 20th centuries. Learn more in this FreightWaves Classics profile.
Illinois Congressman Arthur W. Mitchell On April 28, 1941, Illinois Congressman Arthur Mitchell argued to the Supreme Court that African Americans were entitled to railroad accommodations equal to white passengers. Born to former slaves in Alabama in 1883, Mitchell attended the Tuskegee Institute and worked his way through school as a farmer and in the office of Booker T. Washington. He attended law school at Columbia University and Harvard before moving to Chicago, where he worked as a lawyer and got into politics. He was elected to Congress in 1934 as the nation’s first African American D...
FreightWaves Classics: Railroads helped the U.S. expand and increased interstate commerce America's first common carriers are still relevant A Union Pacific train heads to its next destination. (Photo: Jim Allen/FreightWaves) Early beginnings Railroads were first developed in Great Britain. The first railroads were horse-drawn wagons running on wooden and then iron tracks, or rails… Wooden railroads were also built in the American colonies and were built exclusively to transport freight. Termed “wagonways,” the earliest were begun in the 1720s. In addition to the British and col...