For these northwestern carriers, taken together, 1957 showed a drop of about $4 million in net railway operating income-about 22 percent-but 1958 net railway operating income for these months is not only above 1957 but is about $3 million, 15 percent, above 1956 fall months. In the central western region, for example, the three largest railroads show these results, for the three latest available months, compared with the same months of 1956 and 1957: These three central western carriers, together, did show a substantial decline in the fall months of 1957, from the 1956 figure (about $4 million-almost 10 percent). But 1958 fall operations brought net railway operating income not only $11 million above 1957, but actually $7 million-more than 16 percent— above 1956. In the southwestern region, for example, the two largest railroads show these results, for the three latest available months, compared with the same months of 1956 and 1957: These two carriers, taken together, showed a substantial decline in the fall months of 1957-about two and a half million dollars, just over 18 percent. But results in the fall of 1958 were not only higher than in 1957, but they actually topped 1956 net railway opertaing income by $300,000. Senator CASE. Do they include the figures for smaller railroads in my own immediate area? Mr. SCHOENE. Not smaller railroads. Senator CLARK. Do you have the Lehigh Valley Railroad? Mr. SCHOENE. No, I have only the two, the New York Central ana the Pennsylvania for that region. Senator MORSE. Would it be difficult for you to get the figures on these other railroads? Mr. SCHOENE. Yes, I will get them. Senator MORSE. Will you supply the figures? Mr. SCHOENE. Lehigh Valley and Reading? Senator CASE. Erie, Lackawanna, Susquehanna. These are the ones who are in trouble. Senator CLARK. That is true. Mr. SCHOENE. I will get those figures. (Net operating income for other railroads follows:) NET RAILWAY OPERATING INCOME BOUNCES BACK Net railway operating income1 for large railways of eastern region, first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Commerce Commission, Statements M-125. Net railway operating income1 for large railroads of Pocahontas States (Virginia, West Virginia, Kentucky), first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Commerce Commission, Statements M-125. Net railway operating income1 for large railways of Midwestern States (east of the Mississippi), first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Commerce Commission, Statements M-125. Net railway operating income1 for large railways of Southeastern States, first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Commerce Commission, Statements M-125. Net railway operating income1 for large railways of Northwestern States, first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Cor merce Commission, Statements M-125. Net railway operating income1 for large railways of Central Western States, first 8 months and last 4 months, 1956, 1957, and 1958 1 Net railway operating income is the operating profit after taxes-the figure used by the Interstate Commerce Commission as the measure of returns of railway operations. Source: Interstate Commerce Commission, Statements M-125. |