Business & Finance: Rails & Reflection

Notwithstanding all the country's automobiles, buses, trucks, airlines, pipelines, waterways, lake and ocean shipping, the freight car remains the basic unit in U. S. transportation. And the number of freight cars loaded weekly by the U. S. railroad system remains a basic business index. When the railroads load less than 500,000 freight cars per week the country is depressed. When they load more than 1,000,000 a boom is in full flower. A few years ago when railroad finance looked its worst, statisticians used to put their feet on their desks and say...

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