Word: carloading
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...Carloadings for the week ended Jan. 23 totaled 562.938 cars, a decrease of 10,338 from the week before, 152,536 lower than last year. All products shared in the decline except lumber, ore, grain, merchandise in less than carload lots. Despite this railmen were not discouraged. During the week they had time to figure out what last fortnight's 10% reduction would mean to them even on present small payrolls. Pennsylvania Railroad will save about $20,-000,000, New York Central $17,500,000, (See col. 3) Union Pacific $7,000,000, Southern Rail...
When the I. C. C. last month rejected the roads' plea for a flat 15% rate-upping as an emergency revenue measure, it proposed, as a substitute, an increase in carload rates ($3 and $6) to add between $100.000.000 and $125,000,000 per year to carriers' income (TIME, Nov. 2). But the Commission tied a strong string to its proposal: this extra revenue must be pooled and from the pool weak roads which could not pay their bond interest and other fixed charges must receive as outright gifts whatever they needed in cash to escape bankruptcy...
...suggested that, if a road reduced a freight rate after accepting the carload increase, the cut be made from the basic rate and not from the sur-rate, thereby insuring a full flow of excess revenue into the credit pool. The A. of R. E. petition protested this arrangement on the ground that roads were justified in cutting some rates to retain business and should not be asked to contribute any part of their present revenue to the pool...
...increase of 2? per 100 Ib. would be permitted on shipments of all other commodities, except noted exemptions, including freight of less than carload lots...
Notably exempt from increases were: all kinds of grains, rice, flour, meal, hay, alfalfa, straw, cotton, fresh fruits not mentioned above, potatoes, peas, beans, flaxseed, sugar beets, horses, cattle, sheep, goats, hogs, logs, fuel wood, railroad ties, excelsior, sawdust. No increases would be permitted on any carload to exceed by 10% the present maximum rates...