Word: canals
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Dates: during 1940-1949
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...only had legal powers in Army and Navy contracts, but lacked mandatory priority power over contracts of the British and other foreign governments under the Lend-Lease Act, over industrial contracts for the expansion of production of scarce but vital materials, over other Federal bureau contracts (Maritime Commission, Panama Canal...
...more than 7,000,000 tons of coast-to-coast freight moved via the Panama Canal. Chief west-to-east items are lumber and wood pulp, canned goods, gasoline and fuel oil. From east to west the big items are steel and manufactured goods. Rail rates are from two to four times higher than water rates. On some bulk commodities this difference could add 25% to 50% to delivered cost. Recently this margin has narrowed, for many shipping rates have increased, while the railroad rates have...
Prices are not the only problem raised for Henderson by the President's shipping pool. As combination price and supply commissioner, Henderson is the New Deal official closest to the job of finding sufficient transportation for all the freight diverted from canal to roadbed. The New Deal has long regarded rail capacity as a potential bottleneck...
...diversion of lumber shipments now made through the canal, it is estimated, would add 6,000 carloads a month to the rails' burden. New York City alone "imports" some 16,000,000 cases a year of fruits and vegetables from the West Coast which now will be dumped on to the railroads-or on to overworked transcontinental trucks. Also added to west-to-east rail traffic will be imported goods from the Pacific carried by ships which formerly continued on through the canal to East Coast ports. Since ships waste 30-35 days going to the East Coast...
...fixed charges. That year the line lost $13,124,530 and it looked as if the courts came next. But Uncle Dan made the fur fly, got $8,233,000 from his old friend Jesse Jones, sold a ditch of a canal to PWA for $2,000,000, persuaded Congress to pass the Chandler Act, so astutely worded that it helped no other trunk line, but let B. & 0. cut its fixed charges...