COMPETITORS WITH RAILROADS
RAILROADS have as their principal competitors electric power lines; the airplane; waterways; automotive transportation--private automobiles, buses and trucks; and oil, gasoline and gas pipe lines.
The great electric transmission lines striding across the country on their gigantic steel towers are carrying power generated at a great dam. Each horsepower they carry to the consumer means that much less transportation of fuel by the railroads.
The airplane, the latest and perhaps least important competitor of the railroads at present, has shown sensational development. It is speedy, but it is not yet entirely dependable in all kinds of weather. It can carry only a limited amount of express or high-class freight. Airplane rates, except for mail, are unregulated. All railroad rates are regulated. The aviation industry is being encouraged by government subsidy