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Yearbook of Railroad Facts 1970 Edition 88 pages
Yearbook of Railroad Facts 1970 Edition 88 pages
Preface
The 1970 Yearbook of RAILROAD FACTS presents a summary of railroad operations in 1969 and prior years for the United States as a whole and for the three principal districts to which railroads are assigned for statistical purposes. These groupings are identified as the Eastern District, the Southern District and the Western District.
Many of the figures for 1969 should be regarded as preliminary, since the Interstate Commerce Commission - the source unless otherwise indicated - had not completed its compilations at the time this edition went to press.
With few exceptions, the figures deal with Class I line-haul railroads. These operating companies represent about 99 percent of the railroad industry in terms of traffic, operate 95 percent of rail mileage and account for 93 percent of the workers employed by all railroad companies. Employes of Class I roads represent 87 percent of the industry as defined under the Railroad Retirement Act, including transportation-related subsidiaries, railroad associations and labor unions.
Prior to January 1, 1956, the Interstate Commerce Commission classified railroad operating companies (including switching roads and terminal companies) into three groups for statistical purposes - Class I, annual operating revenues above $1,000,000; Class II, from $100,000 to $1,000,000, and Class III, annual operating revenues below $100,000.
Effective January 1, 1956, railroads were reclassified into two groups - Class I, those having annual operating revenues of $3,000,000 or more, and Class II, those having operating revenues of less than $3,000,000 a year. Effective January 1, 1965, the point of distinction between Class I and Class II railroads was raised to $5,000,000.
These differences in classification do not affect significantly the comparability of the statistics from year to year.
There were 74 Class I line-haul railroads at the close of 1969. With later reclassifications and mergers, 73 roads were reporting as Class I in April 1970.
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