Word: bus
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Dates: during 1930-1939
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...Most bus lines had quit cold. Air lines put all available planes into service, worked overtime flying passengers, mail and freight between Newark and Pittsburgh. One TWA plane carried nearly a ton of rubber boots, another some 5,000 telegrams. But even airplanes were forced to quit at night when electric power failures put airport lights and radio beacons out of commission...
From his Chicago office, strapping President Carl Eric Wickman announced that Greyhound Corp., with net profits of $4,673,465, had earned $7.55 a common share after paying preferred dividends. The dividend on one Greyhound common share was thus $5.30 more than Carl Wickman made in his first bus operation...
Unlike Greyhound, Trailways is not a corporation. It is an association of five big bus companies, three little ones, each with individual franchises, terminals, routes. Each will continue to act as a separate unit, run only its own busses. But all busses will be painted a common cream & maroon, bear a common name, issue through tickets on each others' lines, will therefore to the public seem identical in function with Greyhound. Only difference will be that Trailway riders will change busses frequently, no great disadvantage because bus riders constantly have to get out anyway...
Other administrative headaches would include the railroads' loss of passenger traffic to the motor car and the bus; the loss of short-haul freight business to the truck; the Railroad Retirement Act of 1935, the Social Security Act and the Guffey Coal Act; and the Interstate Commerce Commission's reduction of passenger fares last fortnight to a 2? a mile maximum on coaches and 3? on Pullmans...
...really knew last week what the effect of the new rates will be. In general, the railroads welcomed the reduction. Only the New York, New Haven & Hartford, Pennsylvania and New York Central actively opposed it. Greyhound Corp. stock dropped six points. Almost everywhere present bus rates will still be lower than the new rail rates...