Newsweek Business Special Report 1955 Nov 21 Revolution on Our Railroads

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Newsweek Business Special Report 1955 Nov 21 Revolution on Our Railroads
Newsweek Business Special Report 1955 Nov 21 Revolution on Our Railroads
5 pages Reprinted
Boom and bankruptcy have echoed like a train caller's chant all through the long and romantic history of American railroading. When the roads wound up the back- and track-breaking job they were called upon to do during the second world war, it looked as if they were headed downhill on a clear track to another round of receiverships. The much-discussed "railroad problem" was beginning to look like a permanent institution. Some talk was even heard that the railroads' only salvation lay in socialization, the fate that has since overtaken their British counterparts.
The men who run the U.S. railroads had other ideas. During the past ten years, they literally have rebuilt their lines, their organizations, their finances. Despite new and powerful competition-from trucks, barges, pipelines, air fleets-the railroads today not only are holding their own but are fighting harder and more effectively than ever to improve and increase their payloads. In the following pages, NEWSWEEK'S Associate Editor John A. Conway reports on this railroad revolution-the billion rebuilding and reshaping job railroaders say is only the first station on the line.
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