and expanded use of such power is planned. Looking
still further ahead, the Company has joined with
other large railroads, locomotive builders and the
electrical and bituminous coal industries in a motive
power research program. Encouraging progress is
being made toward the ultimate object of cieveloping
radically new types of motive power of improved
efficiency, utilizing coal as the basic fuel.

Important, also, in our plans for improvements are
the betterment of roadway and collateral operating
facilities, including installation of new and improved
signaling to promote more efficient high-speed opera¬
tion. Radio communication, which is employed
successfully in several operations, gives promise of
more extensive use in the future.

The work of the Company's industrial represent¬
 

atives continues to bear fruit. New industrial plants
representing some of the largest producers in the
country, as well as others local in character, have
been established or are in process of construction
along our lines. During the year locations on the lines
of the Company and its affiliated lines were selected
for the construction of 406 new industrial plants,
which will constitute important sources of future
traffic, estimated to exceed 200,000 cars annually.
Many of these plants are now under construction.
 

On behalf of the Directors and myself, I wish to take
this occasion to express our appreciation to the
officers and employes of the Company, whose loyalty
and conscientious attention to their duties enabled
 

NEW  YORK   CENTRAL   EQUIPMENT
 

DELIVERED-1945
 

ON ORDER
 

20
 

Combination freight or passenger
steam locomotives
 

7
 

Combination freight or passenger
steam locomotives
 

28
 

Diesel-electric switching locomotives
 

5
 

Diesel-electric switching locomotives
 

motives
 

25
 

Diesfel-electric road locomotives,
passenger and freight
 

43
 

Large-capacity locomotive tenders
 

1250
 

Freight train cars having an aggregat
carrying capacity of 80,000 tons
 

7104

HHB59nnil3
 

Freight train cars having an aggregate
carrying capacity of 390,720 tons
 

720
 

Lightweight, streamlined passenger
train cars
 

142
 

Lightweight sleeping cars purchased
from the Pullman Co.