Rail Freight Shifts Favor Waterways Over Rail Firms
John Moore notes in a quotation from Thomas F. Wood that Inland Waterways Corp reports a 38 percent tonnage gain from St. Louis to New Orleans in the first five months versus 1931. Four months show a 46 percent rise while Class 1 railroads fall 24 percent in gross earnings. The piece criticizes government subsidy of inland waterways and writes of public funds supporting private tugs and barges with rates dictated by government and joint-rate requirements.
MENTIONED IN THIS ARTICLE
Thomas F. ‘Wood- Jock
Wall Street Journal
Inland Waterways Corporation
St. Louis
New Orleans
Mississippi
Ohio
Missouri
Critique of Inland Waterways Corpora tion and Public Waterway Policy
The piece denounces the Inland Waterways Corporation for misusing 24 million of public funds, funding tug and barge operations without earning a dollar, and criticizes government pressure on river cities to invest in terminals. It urges halting further waterway expenditures as a scandal of government power and public money. It notes New York City's plan to build a 294 mile subway and tunnel network to improve transit.
MENTIONED IN THIS ARTICLE
Inland Waterways Corporation
City Board of Transportation
New York City
Transportation costs and labor shifts hit Texas railroads
The article cites a projected program cost of 438 million plus linking contracts of 388 million, totaling around 800 million. Texas railroad employment fell from 82,956 in 1929 to 10,739 in 1930 and 57,098 in 1931, with payroll dropping from 126.7 million to 89.5 million, signaling a heavy recession impact on rail transport and related purchasing.
MENTIONED IN THIS ARTICLE
Texas
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