Word: cargoed
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Dates: during 1940-1949
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...Magdalena's maiden voyage began uneventfully enough out of London. After a smooth South Atlantic crossing, the liner coasted down to Santos and Buenos Aires, picking up a cargo of Brazilian oranges and Argentine beef, then headed northeast for Rio and home. At 4:45 of a calm, cloudy morning last week, disaster intercepted the Magdalena
...sunk, but the stern two-thirds of the ship rested on a beach. Officials had ordered a full inquiry; agents of Lloyd's of London, who had insured the ship for $8,000,000, rushed to Rio to determine how the stern and the cargo could be salvaged...
...caused by a historic decision of the Civil Aeronautics Board. Last week, CAB gave the two big nonscheduled cargo airlines permission to fly two transcontinental scheduled air-freight routes, the first in the U.S. CAB's certificates will permit them to fly on regular, advertised schedules, thus compete for air freight on equal terms with the regular airlines. At the same time CAB: 1) certificated Florida's U.S. Airlines, Inc. to fly a north-south freight route between the New York and Chicago areas and the southeast; 2) approved a local newspaper-delivery route flown by Texas...
...irregular nonscheduled airlines was a little capital, some flying know-how, and one or more surplus planes, which the War Assets Administration was eager to sell them cheap. Some of them crashed, and some went broke. But about no nonscheduled lines have been doing well enough with cargo and air-coach services to throw a scare into the big, scheduled airlines...
...Frills. That spirit was typified by-among others-Air America, Inc. of San Pedro, Calif., founded last year by 34-year-old, Austrian-born Fred Miller. A civilian personnel director for the Army Air Forces, Miller joined the Flying Tigers cargo airline after the war and saved $15,000. This was enough to rent four DC-45 and start flying the lucrative Los Angeles-New York route last July. Flying 20 round trips a month at cut-rate fares of $99 ($58.85 under scheduled lines), Air America had carried 11,270 passengers by the end of the year...