For sale is a 1974 annual report for Southern Railway. Southern was a leading rail carrier throughout the southeastern US, with tracks extending from Washington (DC), Jacksonville (FL) and New Orleans (LA) north to Cincinnati (OH) and west to Memphis (TN) and St. Louis (MO). Freight revenue and net income were annual records this year. This report summarizes the 1974 financial performance and focuses on the performance of people within the company. It presents a financial summary, new industry development, physical plant performance, capital expenditures, an operations summary, much more. It is highly illustrated.