I v - The P&WV Hi-Line

Recently we opened up an ;interchange with the New York Central atHopedale, Ohio. This interchange is for the delivery of coal originating onr the P&WV. We do not receive any traffic at this interchange.In conclusion the P&WV has changed in 22 years from an originatingcoal road to a road that handles an ever increasing diversity of traffic.Iron ore has become much more important and will increase in importance inthe future. Our overhead traffic has increased and should become more of afactor each year with our expanded traffic department. With many of the bestremaining sites in the Pittsburgh district located along the P&WV we should beable to attract additional industry to our rails. Thus, the P&WV will continueto be an important carrier of freight, with our heavy tonnages of originatingand terminating freight and our highly diversified overhead traffic,29cc