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Railway Age 1954 January 11 Weekly Review and Outlook number
Railway Age January 11 1954 Vol 136 No 2
CONTENTS
FORUM: 1953 was a solid foundation-1954 offers new opportunities for a dynamic railroad industry. 107
A review of railway operations in 1953-by J. Elmer Monroe, vice-president, Association of American Railroads. 110
Pan Americana and "piggyback" were two-but only two-of the highlights of the railroad year. 133
Capital outlays were over $114 billion in 1953; 1954 shapes up like the sixth consecutive billon-dollar year. 146
Railroad purchases in 1953 continued high but the volume may drop somewhat this year, if traffic declines with the generally anticipated diminution of general business activity. 149
There was little activity in railroad finance in 1953, with government policies and labor demands overshadowing the industry's excellent overall financial condition. 152
Passenger-train cars ordered in 1953 numbered 418. Though traffic and revenues were down, services were further improved. 158
Shops and shop equipment have been revolutionized by advent of diesel power. 162
Railroads bought more M/W machines in 1953, as a means of counteracting high wage rates. 164
Wanted: potent control data. More than ever before, railroad management is demanding. financial and operating figures on a "current" basis. 166
Signal construction was above average in 1953, with further growth in the cards for 1954. 168
Maintenance-of-way activity was on a stable basis in 1953, with expenditures for fixed-property upkeep rising slightly to a new high. 173
Electrical highlights of 1953-a year of further progress in railroad applications of electric power. 176
The communications outlook is bright, with 1953 installations topping the previous five-year average, and a continued high volume probable in 1954. 178
Calendar of labor and wage events for 1953. 183
Freight-train cars ordered in 1953 numbered only 32,114; the car fleet is still about 75.000 units short of the 1,850,000-car "goal." 184
Motive power ordered in 1953 for service in the U.S. -again almost all diesel-totaled 1,925 units. 189
What's ahead for Cuba's roads? For the near-term, the outlook is gloomy; long-range, it is far more favorable. 195
Canadian railroads look ahead, despite disappointment over 1953 results and uncertainty as to future rates, costs and competition. 196
Mexican lines' business slumped in 1953-but lower earnings did not mean an end to their big rehabilitation program. 200
Construction held at a high level in 1953, with yard and terminal projects topping the year's list of property-betterment activities. 203
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