The “Articles and Certificate of Incorporation and Agreement of Consolidation of Utah Idaho Central Railroad Company”
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(HathiTrust Digital Library, https://babel.hathitrust.org/cgi/pt?id=njp.32101078166988&view=1up&seq=1)

Shortly into 1919, the newly established Utah-Idaho Central Railroad Company had a large revenue deficit from operating costs and taxes. This April 29, 1919, article reports on the deficit and its causes while also commenting on the economic state of the company, its assets, and contributions to the areas it served.
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(University of Utah, J. Willard Marriott Library, Utah Digital Newspapers, https://newspapers.lib.utah.edu/ark:/87278/s6t162jk/4841047)

The U.I.C. initially met with success, but success was very brief. The production needs of World War I, and its aftermath, contributed significantly to the revenue of the company and promoted growth and expansion. In “The Rise and Fall of the Galloping Goose,” Shaw writes that “during World War I . . . business was brisk as the line hauled agricultural products to Ogden’s train terminals and brought machinery back. The export market for agricultural products in war-torn Europe was especially strong at this time.”[5] Sorensen writes that “in terms of total revenue, 1919 was the best year the company ever had—over a million dollars—but profits at the end of the year were only $11,622.00, about 1 percent of gross revenue.”[6] Freight and passenger services were both provided by the company, but Carr notes in Utah Ghost Rails that a unique problem faced the U.I.C. It was very rare for passengers to travel the entirety of the route from Ogden to Preston. Most rode to the next major city or traveled a few stops to their home communities.[7] Not only did these short-distance riders minimize the revenue gains of the railroad, but the situation also created a problem for business when automobiles and buses were improved and implemented as more efficient forms of transportation. With the coming of a new decade, the directors of the U.I.C. recognized the need for change to improve the company, its revenue, and services.