Railroads: Now There's a New Way to Say Atchison, Topeka & Santa Fe

To anyone unfamiliar with the U.S. Southwest, "Santa Fe Industries" may sound like an overextended name for a New Mexico manufacturer of Navajo Indian blankets. When the name begins to appear on stock tapes sometime later this summer or early fall, even Easterners will soon learn that it refers to the big and already well-known Atchison, Topeka and Santa Fe Railway Co. Like other U.S. railroads, the fourth largest, Santa Fe, has become increasingly active in nonrail businesses, now receives about $17 million annually, or close to 30% of its total earnings, from these other activities.

Presuming that 80% of...

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