RAILROADS: Another Blow

It costs the U.S. Post Office Department about $4 a mile to haul mail 20 miles in a 60-ft. railroad car. For a truck carrying half as much mail, the cost is 30¢ a mile plus terminal handling charges. Last week the Post Office said that it would soon start using trucks, instead of railroads, for short hauls within a 200-mile radius of big cities. Truck routes have already been laid out around Boston and St. Louis, with plans for nine other big-city areas to follow. Eventual revenue loss to U.S. railroads, already hard hit by truck competition: $100...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!