Business: Railroaders' Profits, Truckers' Problems

THE PIGGYBACK BOOM

TOP a steep, truck-clogged grade in California's Sierra Nevada moun tains, the Southern Pacific Railroad recently erected a sign: "Take the trucks off the highway. Put the trucks on piggyback." The railroad's sign symbolized a growing problem for the U.S. trucking industry. Piggybacking, which was originally envisioned as a happy marriage between trucks and railroads, has zoomed 180% (to some 210,000 carloadings annually) since 1954, and the outlook is for a $1 billion business by 1965. But so far, railroads have puffed off with most of the profits. Of 39 roads...

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!