The railroads, which took some of the recession's hardest blows, are fast getting back on their feet. Freight carloadings for the week ending May 9 jumped 26% above the comparable week of 1958, to 677,398, a new peak for the year.
The improvement in loadings was showing up where it counted: in earnings. The Pennsylvania, which lost $4,727,327 in April 1958, made $4,000,000 last month. The Great Northern also switched from $1,665,061 in the red a year earlier to $1,193,081 in the black last month. The Missouri Pacific, which just managed to earn $13,091 in April 1958, cleared $500,000 in April 1959....
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