RAILROADS: Little Train That Could

Oldtime railway executives hooted when Washington Attorney Eugene Garfield bought some railroad cars and rolled out the Auto-Train a year ago. After all, everybody knows that passenger trains are unprofitable and unpopular. Who would want to pay to haul his automobile along with his family by rail from the Washington area to northern Florida? The answer is that 157,329 travelers have wanted to—so far. As the Auto-Train Corp. closed its books on its first year last week, the company's annual revenues were running around $11 million, and in the past six months...

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