The Penn Central and Other Railroads: A Report to the Senate Committee on Commerce, Halaman 38

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Miles of slow order track Pennsylvania Railroad 195667 106
67
Capital expenditures for equipment per mile of track operated selected railroads
70
Diversification
73
Perspective Analysis and PrescriptionContinued Page
85
Capital expenditures as a percent of operating revenue Penn Central Pennsylvania
92
Gross tonmiles per employee selected railroads 196069 109
97
64
98
Capital expenditures per mile of track operated selected railroads 196069
94
Capital expenditures for road per mile of track operated 196061
100
Compensation per employee selected railroads 196069
112
Gross ton miles per freight train hour selected railroads 195870
118
Tons of bituminous coal moved selected railroads 196569
124
Tons of metallic ore moved selected railroads 196569
130
Tons of chemicals moved selected railroads 196569
136
Tons of pulp paper and allied products eastern district railroads 196569
142
Tons of lumber and wood products eastern district railroads 196569
148
Tons of petroleum moved by selected railroads eastern district 196569
154
Merger and the Road to Ruin
159
An Integrated View
173
Report Conclusions
181
Recommendations for the Future of the Penn Central
205
Crossties laid per mile of track operated selected railroads 196069
225
Changing Composition of the Economy
226
Output of transportation and warehousing sector required directly and indirectly
232
Locational Adjustments_
233
Change in selected income accounts 196070 class I railroads
238
Equipment and joint facilities rents as a percent of net operating revenue class I Page
239
Oridinary income and cash flow class I railroads 196070
245
Investment and Productivity
251
Gross capital expenditures and cash flow class I railroads 196070
252
Net investment per employee class I railroads 196070
258
Efficiency and Service
261
Net tonmiles per freight car day class I railroads regional districts and selected
264
Marketing and Traffic_
269
Tonnage originated and received class I railroads and selected railroads 196170
270
Shipments subject to truck and rail competition_
278
Fiscal Policy Analysis
353
Penn Central Transportation Co asset and security dispositionscash effect
356
Earnings Maximization
359
Comparison of accounting methods
363
Penn Central Corporation organization chart
369
Penn Central Transportation Co dividend payout ratio 196369
378
Penn Central Transportation Co an analysis of billing and collection lags April 1970
384
Investments by railroad and railroad subsidiaries andor predecessor companies
394
Quarterly balances of loans and advances between railroad PCTC andor predecessor
395
Commissions and other fees paid by railroad andor railroad subsidiaries in connection
405
Total cash investment in diversification program relative to total reinvestment
411
Dividends interest paid by selected acquired nonrail subsidiaries to Pennsylvania
418
APPENDIX
431
Selected financial ratios class I railroads 196070
437
Ordinary income and cash flow class I railroads 196070
444
Average freight train load class I railroads regional districts and selected railroads Page
449
Revenues of carriers and national income 1939 195970
455
Trend in tonnage originatedLCL
461
Participation of class I and II motor carriers of general freight in the total estimated
470
Merger acquisition history of selected carriers 19551970
480
Comparison of revenue growth achieved by intercity motor carrier subsidiaries con
482
Volume and directional flow of OfficialSouthern traffic 195369
488
Penn Central Will DiversifyTo Spend 500000000 in Variety of Fields article
494
Letter from J J Wright to J O Boisi November 8 1963
503
News from the Pennsylvania Railroad July 24 1964
516
MinutesN Y C board of directors meeting May 4 1966
523
Letter from C J Hodge to D C Bevan August 3 1964
531
Attachment to B Cole memorandum of March 10 1969 supra exhibit 27
539
From the files of S T Saunders board memorandum April 23 1969
545
Letter from Jervis Langdon to S T Saunders May 26 1969 with attachments
551
Letter from D C Bevan to Mr Saunders August 30 1968
560
LIST OF CHARTS AND TABLES
686
Intercity freight transportation and the national economy selected measures 1960
712
Selected factors showing influence on cash for the period 196069
746
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Halaman 255 - In passing upon any proposed transaction under the provisions of this paragraph (2), the Commission shall give weight to the following considerations, among others: (1) The effect of the proposed transaction upon adequate transportation service to the public; (2) the effect upon the public interest of the inclusion, or failure to include, other railroads in the territory involved in the proposed transaction; (3) 59 FEDERAL SUPPLEMENT the total fixed charges resulting from the proposed transaction;...
Halaman 527 - ... unless and until, and then only to the extent that, upon application by the carrier, and after investigation by the Commission of the purposes and uses of the proposed issue and the proceeds thereof...
Halaman 609 - George P. Baker, Richard C. Bond, Jervis Langdon, Jr. and Willard Wirtz, Trustees...
Halaman 511 - The Commission shall make such order only if it finds that such issue or assumption: (a) is for some lawful object within its corporate purposes, and compatible with the public interest, which is necessary or appropriate for or consistent with the proper performance by the carrier of service to the public as a common carrier, and which will not impair its ability to perform that service, and (b) is reasonably necessary and appropriate for such purpose.
Halaman 511 - No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in the past has been the desire and ability of railroad managers to engage in enterprises outside the legitimate operation of their railroads, especially by the acquisition of other railroads and their securities.
Halaman 268 - Plan I. Railroad movement of trailers or containers of motor common carriers, with the shipment moving on one bill of lading and billing being done by the trucker. Traffic moves under rates in regular motor carrier tariffs.
Halaman 526 - ... meets the requirements of the law and will be legally authorized and valid, if approved by the Commission with specific reference to any specially pertinent provisions of applicant's, or applicant's and carrier's charter or articles of incorporation.
Halaman 527 - USC 205 (m) ) , namely, any common carrier by railroad engaged in the transportation of persons or property in interstate commerce, except a street, a suburban, or interurban electric railway which is not operated as a part of a general railroad system of transportation or which does not derive more than 50 percent of its operating revenues from the transportation of freight in standard steam railroad freight equipment. (c) As used in section 108 (b) and this section, the term "indebtedness...
Halaman 368 - ... any and all accounts, books, records, memoranda, correspondence, and other documents of such carriers...
Halaman 512 - ICC 626; and concluded at 90 MCC 222-223, as follows; As a general rule, it is clear that the issuance by a carrier of securities, or the use of the proceeds from such issuance, generally should be authorized only in those instances where it would be of benefit to or enhance its carrier transportation. In no event, should a carrier be authorized to issue securities or use the proceeds therefrom, or assume obligation or liability with respect to the securities of any other...

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