Word: cargo
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Dates: during 1950-1959
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...Ayer expects to sell his new purchases to charter and cargo lines, will keep some planes himself and lease them to carriers for peak seasonal loads. For corporations, he will do a Convair over completely (bar, hifi, etc.), raise its fuel capacity to give it 50% greater range, put it in anyone's hangar for $385,000. Abroad, he is counting heavily on regional lines that cannot yet afford jets, but need better planes than they now have...
...success is the way he sells. He does not merely dump airplanes for a price, but first makes sure that they can be used and comfortably paid for. For small lines, which do not always know what is best for them, he sends in men to analyze routes, cargo business and profits. Since his credit is better than that of many small lines, and "he can pay off his big purchases as he receives payments for his sales, he can give airlines credit terms that many would not get themselves. Equally important, he is willing to accept almost anything that...
...Time magazine's epithet, "a Boston Brahmin with a brain;" and in April, 1941 his urging that convoys accompany supply ships crossing the Atlantic was but an example of his acute perception of naval problems. When heeded, his plan proved successful in cutting down the high mortality rate of cargo vessels...
...this strenuous action did not get enough trains back on the run. So many key trainmen stayed out that service was reduced by as much as a half and trains ran hours behind schedule. Rotting cargo piled up at freight sidings through the country, and a food shortage threatened Mexico City...
...there is oil in the North, Minister Hamilton sees a vision of atomic-powered submarine tankers loading up from pipelines linking island interiors to the coast, then hauling their cargo under the ice to European markets. Equally visionary was Deputy Minister Gordon Robertson's suggestion to build an ocean pipeline from Ellesmere Island to Europe-a shorter distance, he pointed out, than Interprovincial pipeline spans between Edmonton and Toronto. Said Robertson: "It would be the wildest folly and the grossest arrogance to say that these things will not, in due course, be quite possible. The 'Far North...