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Railroad Industry Slump Cited Afterwar Period Causes
Washington government figures and industry officials cite a major postwar downturn in rail traffic. Freight shipments for six weeks this year fell 392,204 carloads vs 1948 and 58,066 below 1947. passenger trains run 10 to 14 percent below 1948. Employment is at its lowest since spring 1942 as layoffs rise, though officials call many temporary. Factors include severe western weather, mild eastern winter reducing coal demand, shift to trucks and ships, and a drop in retail demand for shoes and appliances.
MENTIONED IN THIS ARTICLE
Washington
Association of Aviasiha! Railroads
Railroad Associaton
Mustry
East
Atlantic States
Howver