Abstract
The current return on invested capital in the transportation industry has made it necessary for useless duplication of facilities to be eliminated. This necessity has become more acute since the end of World War II, first, because of decreased earnings and, second, because of the pinch of government regulation and outmoded work rules. The method developed by the transportation industry to eliminate this duplication is the consolidation of competing lines. This movement is new in the industry, but it offers many advantages which may ultimately prevent the nationalization of our transportation system.
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