RAILROADS: Change of Heart

Ralph Budd, the railroads' man on the Defense Commission, switched all the way around last week from his familiar story that the railways need no new equipment to handle their defense load. First he swallowed his last rosy prediction, made only two months ago, that 1941 carloadings would be no more than 9.4% above 1940 (TIME, March 17). Then he came out—in approval of a recommendation by the Association of American Railroads—for immediate purchase of 100,000 new freight cars.

This was a final surrender by Budd and the A.A.R. on the issue of expansion. In the summer...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!