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TABLE 15.-Commercial intercity freight traffic in the United States1

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1 Includes intercity freight traffic of private as well as contract and common carriers, except coastwise and intercoastal traffic.

2 Ton-miles of freight, express, and mail of class I, II, and III line-haul railways and electric railways. Highway ton-miles include movements between cities and between rural areas and urban areas; rural-torural movements, city deliveries and city movements to or from contiguous suburbs are omitted. 4 Includes Canadian and overseas traffic on the Great Lakes.

New coverage accounted for increases over the preceding year of 2.6 billion ton-miles in 1948, 4.3 billion in 1951, 6.4 billion in 1953, and 6.7 billion in 1954. Thus, the table indicates a greater increase in traffic on rivers and canals in recent years than has actually occurred.

• Preliminary.

Source: Bureau of Railway Economics, AAR.

TABLE 16.—Commercial intercity freight traffic in the United States

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1 Ton-miles of freight, express, and mail of class I, II, and III line-haul railways and electric railways. 2 Highway ton-miles include movements between cities and between rural areas and urban areas; ruralto-rural movements, city deliveries and city movements to or from contiguous suburbs are omitted. 3 Includes Canadian and overseas traffic on the Great Lakes.

New coverage accounted for increases over the preceding year of 2,600,000,000 ton-miles in 1948, 4,300,000,000 in 1951, 6,400,000,000 in 1953, and 6,700,000,000 in 1954. Thus, the table indicates a greater increase in traffic on rivers and canals in recent years than has actually occurred.

'Preliminary.

Source: Percentages derived from preceding table.

TABLE 17.—The Pennsylvania RR. Co.—Average age of freight cars as of

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RECAPITULATION OF AMOUNTS WHICH PENNSYLVANIA RR. SHOULD SPEND IN 1957, IF FUNDS WERE AVAILABLE, FOR NEW FREIGHT EQUIPMENT AND POWER

70,000 freight cars (over 30 years old).

12,000 freight cars account shortages...

6,000 freight cars account annual replacement requirements (basis of 30-year life) Additional power at 25 percent of cost of 12,000 additional cars.

Total..

$605, 000, 000

108, 000, 000

54, 000, 000

27, 000, 000

794, 000, 000

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TABLE 18.-Percentage of debt and stock and surplus to total capitalization, 1955

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Source: ICC Annual Report and Studley, Shupert & Co. Inc., Industry Composite.

1,977.6

2,157.7

8.3

91.7

1,819. 9

1, 977. 3

8.0

92.0

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