Word: freight
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Dates: during 1930-1939
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...George Blow Elliott, president of Atlantic Coast Line, the railroads of the South last week joined those of the East and West in a united movement for the general freight rate increase projected last month in Chicago (TIME, May 18, June i). Meeting in Manhattan's Hotel Biltmore, the executives of all the important carriers of the land appointed a committee to petition the Interstate Commerce Commission within a week for blanket authority to up rates 15%. The committee: New Haven's Pelley, Milwaukee's Scandrett, Louisville & Nashville's Cole...
Though they were asking for a 15% rate increase on all freight as an emergency measure to offset lost revenues and thereby avert wage cuts, defaults and receiverships, the carriers intimated they had no idea of using such wholesale authority, if granted, to an extreme. Many rates, particularly those on short-haul goods for which trucks compete, would not be changed. What the roads were really after was I. C. C. permission to adjust rates of their own choosing within a 15% range, thereby increasing their operating revenue by 10%. To avoid protracted arguments over individual rates, they consolidated their...
...carriers' move for increased freight rates to offset reduced earnings and avert wage cuts got up more steam last week. Following the Chicago meeting of the Association of Railway Executives for the same purpose (TIME, May 18), 40 members of the Eastern Railroads' Presidents' Conference gathered in Manhattan, named a committee to petition the I. C. C. for a general revision of the rate structure. To the support of the executives came Labor (weekly), official mouthpiece for the 1,800,000 members of the four great railroad brotherhoods. As holders of $1,200,000,000 in rail...
Since 1885 the C. P. R. has expanded by land and sea. Its assets exceed $1,371,000,000. Yet they are understated if anything. Its main Montreal-Vancouver line runs 2,893.6 miles, but the 2,044 C. P. R. locomotives pull freight and passengers over 22,438 miles of track, including the 4,379 miles of the controlled Minneapolis. St. Paul & Sault Ste. Marie Ry. ("Soo" Line). Much of its equipment is made in its 200 acre Angus Shops at Montreal...
Anxious to secure freight at Vancouver, the C. P. R. early in its history chartered three ocean liners. Now its fleet of steamers carries the checkered C. P. R. house flag over Atlantic and Pacific, sometimes around the world. Greatest of the "White Empresses of the Pacific" is Empress of Japan. Greatest on the St. Lawrence-Europe route will soon be Empress of Britain, launched last summer. The ocean-going going and coastal fleet of C. P. R. numbers 57 vessels with a gross tonnage of 468,717. Its inland lake and river fleet has 20 ships...