Word: freight-car
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...example was the stock market, which started out strong, bouncing up 8.30 points to 441.04 on the Dow-Jones industrials average. But as the week progressed, a new report on railroad freight-car loadings showed a sharp drop to 703,688 cars for the week or 13.8% below 1956 levels; loadings of grain, ore and manufactured goods were all down. What worried Wall Streeters was the fact that freight-car loadings normally increase until the end of October, then fall off steadily until year's end. This year the decline started several weeks early, due largely, according...
...demand for many of industry's products. Detroit's automakers alone poured $1.7 billion into expansion in 1956, but at year's end were embarrassed by a shortage of 1957 models. Railroads shelled out $1.3 billion for expansion, and were plagued by one of the greatest freight-car shortages in history. Utilities and mining expanded by $6 billion, and were still beset by complaining customers...
...Freight Shrinker. A freight-car Shrinker to cut cargo damage in railroad cars (last year American railroads paid more than $98 million in claims) was announced by New York Inventor Glenn F. Wilkes. The Shrinker is a movable steel bulkhead at each end of a freight car. As the cargo starts to shift in transit, the bulkhead automatically forces it back in place through a system of cogs and springs...
...FREIGHT-CAR SHORTAGE will be eased by Federal Court decision against "slow freight" merchandizing by lumber companies. Upholding ICC, court ruled it illegal for shippers to send lumber to Eastern markets by roundabout routes while still negotiating sales with prospective buyers, thus using freight cars as rolling warehouses...
...FREIGHT-CAR SHORTAGE is finally forcing the railroads to step up car buying, but the steel shortage may delay deliveries until 1957. New York Central will embark on one of the biggest purchasing programs ever launched by a U.S. railroad. With orders already in for 3,200 cars costing some $23 million, Central will buy an additional 14,750 cars...