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3 Major Railroads / Current Status #37215

ABC Evening News for Monday, May 19, 1975
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(Studio) Reports on current status of 3 major RRs follow.
REPORTER: Harry Reasoner

(NYC) Penn Central railroad in trouble. Lost revenue, too much track, and trucking industry blamed for much of RR's trouble. RR's argument against trucking industry outlined.
REPORTER: Lem Tucker

(Atlanta, Georgia) Southern railroad very successful; tracks in good shape; computers used extensively. Southern RR's earnings up 35% in `74.
REPORTER: Bill Wordham

(Los Angeles, California) Formerly, West Coast RRs profitable, but South Pacific shows loss for 1st quarter of year, although railroad considered very successful. S. Pacific profits tied directly to rest of economy
REPORTER: Tom Schell

Reporter(s):
Reasoner, Harry;
Schell, Tom;
Tucker, Lem;
Wordham, Bill
Duration:
00:04:10

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