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Improving Railroad Productivity Task Force Final Report 1973 Soft Cover
Improving Railroad Productivity Final Report of the Tack Force on RR Productivity
Improving Railroad Productivity
Final Report of the Task Force on Railroad Productivity
1973 November
Soft Cover
327 Pages
Copyright 1973
Contents
Foreword
Introduction iv
Part I The Setting
Chapter IThe Changing Market for Rail Freight Transport1
Chapter IIRail Productivity Growth51
Chapter III Financial Position of the Railroads83
Part II Some Policies for Solving Railroad Problems
Chapter IVContainerization and Intermodalism129
Chapter VAbandonment and Rationalization of Light-Density Lines157
Chapter VIRegulatory Modernization187
Chapter VII Labor Relations210
Chapter VIII Mergers and the Corporate Structure of the Industry231
Chapter IXInnovation282
Chapter XConclusion321
Railroading has been a troubled industry for half a century. The troubles have approached the crisis stage once again during the past few years. Much of the railroad system in the industrial heartland of the nation--east of Chicago and north of the Potomac and Ohio Rivers--is in bankruptcy. These bankruptcies, furthermore, are not yielding to the traditional solution of financial reorganizations. The rate of return on the investment of Class I railroads even in the "prosperous" South and West has averaged only about 3.6% per year during the past six years. The recent surge in railroad traffic, causing ton-miles to attain all-time peaks, has not generated a corresponding improvement in profits, thus causing railroad managements and analysts to speak of their "profitless boom"! This gives rise to fears that another economic recession may send more railroads into bankruptcy.
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