Word: cargoing
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...they sped along at 80 m.p.h., the postal clerks busily sorted letters from hundreds of mailbags scooped up from gantries en route. In the "High Value" coach right behind the diesel locomotive, five particularly experienced sorters were on duty, sealed into their car with a pre cious cargo of $7,145,600 in bank notes, many of them old bills destined to be taken out of circulation - though not as it actually happened...
...longer A-OK with his NASA bosses. For months Shorty bantily crowed at the notion. Two weeks ago, the crow got lower. "I am sure my role is going to change," he admitted after a meeting with NASA Administrator James Webb. Last week it was official; Shorty was the cargo on a one-man, one-way man shoot out of Canaveral. Next on the pad: Paul Haney, 35, a NASA publicity man since shortly after the agency's founding...
Rules of the Club. The rates are set by clubby "conferences" of ship lines, where less attention is paid to a cargo's weight and bulk or the distance to be carried than to what the traffic will bear. The conferences are dominated by foreign-subsidized lines, each of which is eager to promote its own country's exports. To discourage rate wars, the Commerce Department has insisted that its own subsidized lines adhere to the conference rates...
Ship-line executives concede that the rate schedule is "unscientific." But American President Lines Chief George Killion argues that the differentials on the Pacific are justified, because almost six times more cargo goes westward than eastward, and as a result there is hot competition between carriers for the small-scale eastbound Pacific freight. To Senator Douglas, this argument only proves that the conferences are cartels that hike their rates when effective competition is absent...
...with a painful back injury similar to President Kennedy's (it was cured in a risky operation a decade ago). In the mid-1930s, as the shipping market grew stronger, Ludwig broke through with a novel financing plan: he persuaded Manhattan banks to back his purchase of dry-cargo ships, then converted them into tankers and chartered them to oil companies, using the charter contracts as collateral for the loans. Ludwig built his own ships in World War II, and in 1951 leased...