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IC Industries touts billion-dollar revenues amid rail woes
The Time ad by IC Industries claims 1 billion dollars in gross annual revenue and 12 percent earnings per share, while its rail unit seeks steep rate hikes up to 132 percent to pressure funding for a regional transit authority. The conglomerate emphasizes diversified profits from real estate, Lincoln Financial Services, Pepsi-Cola, Dad's Root Beer, Midas products, and other ventures, with only 29 percent of income from rail.
MENTIONED IN THIS ARTICLE
Illinois Central Industries
Illinois Central Gulf Railroad
Conglomerate
Corporation
Time Magazine
Time
IC Industries
ICG Railroad
Lincoln Financial Services
Pepsi-Cola
Dad’s Root Beer
Midas
ICG
RTA
Hyde Park Area