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Railroads Report 1928 Earnings Down About 2 Percent
A study for the International News Service by R H Rishton shows railroad revenue carloadings and mileage for 1927 near 3 percent below 1926, with freight traffic strong early but declines from June onward and passenger miles 4 to 5 percent under 1926. Rishton notes about 100 million dollars less gross earnings and a 10 percent drop in new earnings, yet outlook for 1928 remains cautiously encouraging.
MENTIONED IN THIS ARTICLE
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Cousins
Rey York
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R. H. Rishton
American Railway Association
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