Transportation and communication in the United States 1925

Bibliographic data

Monograph

Identifikator:: 1767626746

URN:: urn:nbn:de:zbw-retromon-195828

Document type:: Monograph

Title:: Transportation and communication in the United States 1925

Place of publication:: Washington

Publisher:: Gov. Print. Off.

Year of publication:: 1926

Scope:: III S., S. 508 - 549

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Summary

Collection:: Economics Books

TRANSPORTATION AND COMMUNICATION RAILWAY TRANSPORTATION SUMMARY.—While economy and efficiency marked the operation of the rail- roads in 1924, the year 1925 witnessed new records. Traffic, measured in ton- miles, was even greater than in the peak year 1923 and 6.6 per cent heavier than in 1924, Ag compared with 1924, the operating revenues increased 3.8 per cent; operating expenses, however, were greater by only 0.6 per cent; and net railway operating income therefore gained by 15 per cent. Freight and passenger rates. remained practically the same. Trafic was moved not only without delay or interruption, with almost no car shortages and high car sur- pluses, but also with greater rapidity and efficiency. This excellent showing is credited to the operating officials and employees, and to the hearty coopera- tion of the buyers of transportation—particularly through the Shippers’ Regional Advisory Boards of the American Railway Association. The improvement in financial results of operation shown in 1923 and 1924 continued throughout 1925, the operating ratio decreasing in these three years from 77.88 to 76.13 and to 74.11 per cent. The net railway operating income of Class I roads in 1925 was 5.9 per cent of the aggregite tentative valuation (818,900,000,000) of the steam railway property of the carriers subject to the transportation act, 1920. This ratio for the southern district was 11.9 per cent, for the western district 5 per cent, and for the eastern, 5.4 per cent. Railway mileage has changed but little since 1918 and the volume of tonnage originating has increased less than 9 per cent. There has been a marked in- crease in ton-mileage, however, indicating longer average distances hauled. Ton-mileage figures in 1925 were 37.2 ber cent greater than in 1918 (fiscal year). The average amount received per ton-mile has increased 50.6 per cent since 1913, while operating expenses have increased 102.9 per cent, operating revenues 91.6 per cent, and net revenue from railway operations 39.1 per cent, Table 1.—Summary of Major Statistics of Railroads Nore.—Figures for 1925 do not include the smaller roads (Classes IT and III). The percentages of increase over 1924 are computed from data for Class I roads only, as shown in subsequent tables. [tem 9131 1099 1992 1094 1 1008 Per cent change 1925 from — 1913 | 19041 Number of miles owned. ... Freight originated (thou- sand tons)... ...__..____. Freight ton-mileage (mil- lion ton-miles).....______, Average freight rate per ton per mile (cents)____._! Operating revenues (thou- sand dollars)_.._.._._____ Jperating expenses (thou- sand dollars).......______ Net railway operating in- come (thousand dollars) 8! 9,777 250,413 1,182,548 1,111,822 301, 730 | 342,188 50.720 1.164 3,193,118 | 5,674,483 | 2,235,923 4,500,991 | 8.805.266 769. 411 950. 9299 1,387,755 418, 256 | 1.132 6,419, 210 4,999, 383 074. 918 250, 156 | 1.287,413 11,247,137 391,045 4414,140 1.132 41.008 6,045,252 | 46,120,370 4,608,807 ' 4 4, 535, 785 084.463 4 1. 120. 361 +56] 45.0 tan.2] tee +506] 16 43.3 +0.6 415.0 491.6} 1102 9 ! Fiscal year ended June 30; other years ended Dec. 31. ! Percentages based on 1924 and 1925 figures for Class I roads only, ' Not available. 20% t Class I roads, } Class I and II roads. Sea note 2 Table 9

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