Commenting on freight volume, last week Railway Age said: "This is the first year in the entire history of the railroads of the United States when their freight business has been as small as it was ten years before." Besides general depression, reasons are well-known: competition with busses, waterways, pipelines; some lower rates as result of political agitation. In 1920 there was an average daily car shortage of 81,000 cars. This year the same freight volume has left an average daily surplus of 450,000 cars. One reason: incomparably greater efficiency
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