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Railway Age 1979 December 31 Capital spending forecasts Traffic Poll
Railway Age December 31 1979 Vol 180 No 24
CONTENTS
FEATURES
16 Capital outlays will top $6 billion in 1980
Freight car and locomotive installations will continue at a high rate, maintaining the strong pace set in 1979. Investment in fixed-plant improvements, at a record level in 1979, is headed for a new high in '80.
26 Late '79 traffic slump hasn't bottomed out
A downturn that is showing up in nearly all commodity groups will result in a modest slippage in overall carloadings in first-half 1980, but grain, coal, and chemicals will continue strong.
28 In the Midwest, a bold bid by C&NW
The Chicago & North Western wants to absorb certain grain-gathering lines of the Rock Island and Milwaukee in Iowa and Minnesota, and thus forestall an "invasion" by outside railroads.
31 Illinois: Away from railroading, into track improvement
"We've learned enough so that state policy no longer favors starting any new short lines. nor does it favor operating subsidies," said the head of the state's Bureau of Railroads.
NEWS
4 Short and Significant
10 Rate of return at 2.53% as earnings soar
10 Truk-Train set to roll in March
11 Watching Washington
11 Railroads fight coal rate ceiling
12 Incentive per diem: Dissension at ICC
12 Griffin to build eighth wheel plant
14 Conrail holds off on abandonment
45 The Railroad Market
COMMENT
3 Inside
14 Lines on Labor
DEPARTMENTS
38 Revenues and Expenses
40 Quarterly Indexes
43 100 Years Ago
44 People in the News
45 Carloadings
50 Products Report
52 New Literature
51 Guide to Advertising
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