New locomotives are of 4-8-4 type for through fast freight service between Niagara frontier and tidewater at Jersey City, NJ; 10 purchased from American Locomotive Co and 10 from Baldwin Locomotive Works; outlay of $2,340,000 for new motive power brings direct savings amounting to $900,000 per yr.
Lehigh Valley locomotives return 38 per cent on investment
Ry Age
Railway Age ; 93 , n 16
1932
2 pages
Article (Journal)
English
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