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Richard M. Boeckel, Editor.
Revival of Passenger Traffic on Railroads
American railway operators are confident that the growth of rail travel in 1937 will reverse the 16-year trend of declining passenger revenues in proportion to total railway revenues. Ever since 1920, the peak year for passenger travel, the annual revenues from passenger traffic have represented a steadily diminishing proportion of total revenues. While the number of passengers carried rose slowly after 1933, the total in 1936 was less than 40 per cent of the number carried in 1920.
Three principal causes ...