Word: cargoing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...world surplus of cargo and tanker tonnage has knocked the bottom out of the shipping business, plummeted P. & O.'s profits from $29 million in 1957 to $8,400,000 last year. A major culprit in the world shipping slump, says Sir Donald, is U.S. maritime policy, which grants Government subsidies to shipping companies. He complains that Government subsidization of shippers (P. & O. gets no subsidy) "makes it impossible for us to plan operating costs, because it is impossible to form a judgment on what another company will be able to do if that company is receiving Government...
...MATS' problems than MATS' boss, Lieut. General William H. Tunner, 53, who commanded the historic airlifts over the Hump in World War II and to Berlin and Korea. Most of Tunner's 483 planes are obsolescent relics of the propeller age. The bulk of them-291 cargo-carrying C124 Globemasters and 163 troop-lifting C-118s and C121 Super Constellations-are seven to twelve years old, are so short-ranged that they rely on vulnerable island refueling stops on long hops. If Wake Island, Kwajalein and Eniwetok were atomized, MATS would be hard put to deliver...
What Bill Tunner wants is a fleet of swing-tailed jet aircraft that could lift fighting troops or 20 tons of freight nonstop over 4,000 miles. With a new type of big turboprop cargo plane that MATS wants to develop, Tunner says he could haul for 4? to 5? per ton-mile what now costs 23? on the C124 Globemasters. But MATS is in the sniping sights of the civil airlines, which last year got $85 million worth of business from MATS. (The total military business with the airlines last year, including movements of military people under travel orders...
...greatest find is a 1,000-ton Roman freighter owned by one Marcus Sestius, which sank in 140 ft. of water ten miles off Marseille about 205 B.C.-the oldest seagoing vessel ever found. It had a cargo of 10,000 amphorae filled with Greek and Roman wine, and a great store of black dinnerware of untold value to modern archaeologists...
Shippers estimate that the penalty of loading grain in New York amounts to about $2,500 per cargo. Naturally, they have turned to other ports. Because of the high handling charges and unfavorable rail-rate differentials, New York's annual grain shipments slid from some 20 million bushels 30 years ago to 5,000,000 bushels last year-almost all of it U.S. Government business. But even the Government is getting fed up, plans to ship no more grain from New York...