The chief purpose of consolidation is to secure well-balanced systems with more uniform and satisfactory rate structure, a more stable financial structure, more equitable distribution of traffic, greater efficiency, and single-line instead of multiple-line hauls.
Herbert Hoover: “The chief purpose of consolidation is to secure well-balanced systems with more uniform and satisfactory rate structure…”
Editor's note · Context
Hoover explains the objectives of railroad consolidation for improved service and efficiency.
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