THE NORTHEAST: IT MUST COME FIRST

The Penn Central is not the only problem. Not one of the six bankrupt lines stands alone. Most proposed solutions include Federal aid, tax abatement, and modernization of strictures on abandonment. Some plans provide for continuation of local service by payment of 30% of operating losses by the community or concern involved. The Boston-Washington Corridor must be preserved and upgraded. One third of the traffic on the corridor is freight trains, and much of the track must be retained for freight. The Nineteen Seventies may prove to be a decade of radical change in the nation's basic transportation system. The Northeast railroad problem is a result of half a century of tipping the economic scales in favor of newer modes of transportation. Eastern Railroads failed to receive $167 million in coal revenues due to clean air requirements.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/07362064
• Corporate Authors:

  Cahners Publishing Company, Incorporated

  5 South Wabash Avenue
  Chicago, IL  United States  60603
• Authors:
  • SHAFFER, F E
• Publication Date: 1973-9

Media Info

• Serial:
  • Modern Railroads
  • Volume: 28
  • Issue Number: 9
  • Publisher: K-III Press, Incorporated
  • ISSN: 0736-2064

Subject/Index Terms

• TRT Terms: Bankruptcy; Policy; Regulations; Transportation policy
• Geographic Terms: Northeastern United States; United States
• Old TRIS Terms: Government policies; Government regulations; National transportation policies
• Subject Areas: Administration and Management; Finance; Law; Policy; Railroads;

Filing Info

• Accession Number: 00048305
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 11 1974 12:00AM