Railroad Receiverships and Reorganizations

January 11, 1933

Report Outline
American Railroada at Present in Receivership
Present Means of Avoiding Railroad Receiverships
Cases of the Nickel Plate and the Frisco
Reasons for Avoiding Railroad Receiverships
Reorganization Vs. Additional Borrowing
The President's Plan and Pending Legislation
Special Focus

American Railroada at Present in Receivership

During The Year 1932, the third year of the depression, five Class I railroads were placed in receivership. They were the Central of Georgia, the St. Louis-San Francisco, the New Orleans Great Northern, the Norfolk Southern, and the Mobile & Ohio Railroad.

During the second year of the depression, 1931, four Class I roads were placed in receivership: the Wabash, the Ann Arbor, the Fort Smith & Western, and the Florida East Coast Railway. In the first year of the depression only one major railroad receivership was decreed—that of the Seaboard Air Line, in December, 1930.

The ten Class I railroads placed in the hands of receivers during the last three years operated 17,964 miles of line. In addition to these depression receiverships, there are four Class I receiverships dating from earlier years. Including these roads, there wore 20,618 miles of Class I line being operated by receivers at the beginning of 1933. The total mileage of Class I roads is 242,292. Less than 9 per cent of this mileage is now in receivership.

ISSUE TRACKER for Related Reports
Railroads
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Oct. 18, 2002  Future of Amtrak
Apr. 16, 1993  High-Speed Rail
Mar. 10, 1978  Future of American Railroads
Mar. 07, 1975  Railroad Reorganization
Jun. 20, 1973  Railroad Nationalization
Nov. 17, 1961  Railroad Subsidies
Aug. 24, 1960  Railroad Mergers
Jan. 01, 1958  Condition of the Railroads
Jan. 31, 1951  Railway Safety
Oct. 04, 1944  Railroad Freight Rates
Jun. 12, 1939  The Government and the Railroads
Apr. 21, 1938  Government Ownership of the Railroads
Dec. 07, 1937  Railroad Rates and Revenues
Jul. 17, 1937  Advances in Railway Passenger Service
Sep. 27, 1934  Railroad Rates And Federal Regulation of Transportation
Jan. 11, 1933  Railroad Receiverships and Reorganizations
Aug. 26, 1932  The Railroads and the Depression
Oct. 13, 1931  Wages of Railroad Labor
Jul. 09, 1931  Railroad Freight Rates
Feb. 14, 1931  The Railroad Consolidation Controversy
Sep. 19, 1927  The Problem of Railroad Valuation
Mar. 30, 1927  Railroad Consolidation and Prospective Legislation
Mar. 26, 1927  Principles of Railroad Consolidation
Mar. 08, 1926  Railway Labor Disputes Legislation
May 04, 1925  The Baltimore and Ohio Cooperation Plan
Sep. 12, 1924  National Railroad Consolidation and the Van Sweringen Merger
Aug. 14, 1924  Automatic Train Control in Relation to Railroad Casualties
May 28, 1924  The Condition of American Railroads
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