Business: RAILROAD FARES

Do the Passengers Pay Their Way?

TO most U.S. railroads the passenger business is a money-losing headache. To the passengers, most railroaders are mossback operators who neglect service while engaging in a never-ending round of raising fares, chopping schedules and eliminating branch lines. Last week another big fare boost loomed for the embattled passengers. The Pennsylvania and the New York Central, which together move 27% of all U.S. passengers, are trying to get the rest of the nation's passenger lines to join them in asking for a first-class-fare hike of 33⅓% to 50%. To...

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