Abstract
THE most important problem facing the railways today is that of maintaining revenues and financial structures in the face of falling traffic. Since the advent of the automobile a great deal of the most profitable land transport business has been diverted to highways, and this has resulted in a general decrease in net railway revenue, despite the fact that this same period of decreasing traffic witnessed a general rise in productive activity and the use of manufactured consumers' goods.
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More From: Transactions of the American Institute of Electrical Engineers
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