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The Relation of Highway Transportation to the Railway
In the past twenty-five years (since 1900) the American public has increased the investment in its transportation plant from $10 500 000 000 to $50 000 000 000, and its annual expenditure for transportation of property and persons from $1 500 000 000 to between $18 000 000 000 and $20 000 000 000. The change has been most rapid in the last five years (since 1920), during which the investment has increased from $36 000 000 000 to $50 000 000 000, and the annual transportation charge from about $12 000 000 000 to more than $18 000 000 000. This increase in the annual transportation charge in five years has been due entirely to the increased expenditure on highway travel, which has more than doubled in that time, while the charge for railway transportation has actually declined.
The Relation of Highway Transportation to the Railway
In the past twenty-five years (since 1900) the American public has increased the investment in its transportation plant from $10 500 000 000 to $50 000 000 000, and its annual expenditure for transportation of property and persons from $1 500 000 000 to between $18 000 000 000 and $20 000 000 000. The change has been most rapid in the last five years (since 1920), during which the investment has increased from $36 000 000 000 to $50 000 000 000, and the annual transportation charge from about $12 000 000 000 to more than $18 000 000 000. This increase in the annual transportation charge in five years has been due entirely to the increased expenditure on highway travel, which has more than doubled in that time, while the charge for railway transportation has actually declined.
The Relation of Highway Transportation to the Railway
Budd, Ralph (author)
Transactions of the American Society of Civil Engineers ; 92 ; 394-413
2021-01-01
201928-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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