Word: freight
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Dates: during 1930-1939
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First the railroads asked for a 15% freight-rate rise. ICC said 5.3% was enough. Then they asked for a 15% wage cut. Franklin Roosevelt's Railway Fact-Finding Board said No. This left the railroads, stretched between the engine of rising costs and the caboose of lagging traffic, with no recourse but legislative aid. So Mr. Roosevelt asked three railroad officials and three railroad labor officers to prepare proposals for Congress...
Last week the six railroaders echoed the Splawn recommendations for repeal of land-grant freight rates for Government traffic, creation of a Transport Board to supervise all transport, creation of a special railroad court to handle reorganizations, loosening of RFC purse strings, and relieving ICC of the necessity of certifying that roads borrowing from RFC are not in need of reorganization. Only major additions were pleas for a flexible rate structure adaptable to changing business conditions, for equal taxes on competing forms of transport, for terminating ICC sponsorship of consolidations...
...Barbacena it began the laborious ascent of the single-track over the Manti-queiras. Near the town of Stio came catastrophe. Again, someone had blundered, for thundering down the mountain through signals came a heavily laden freight. Headlight to headlight the roaring freight and the snorting passenger train met. They disintegrated over the grade like kindling. Soon fire crackled through the broken sticks and torn bodies...
...will probably be 85 or 86 in 1938. It now seems likely that its average in 1939 will be about 104. . . . National income seems likely to make a new high record for the recovery period, and to be a little above the level of 1937. . . . Average freight loadings may advance about 15%. . . . Automobile output in 1939 should be between 30 and 50% larger than that of 1938*. . . . Wholesale prices will probably advance slowly. . . . It seems probable that the average price of all stocks listed on the New York Stock Exchange will be higher than it has been this year...
Down from the Rockies and across the flats of Utah one morning last week pounded the Flying Ute, crack fast freight of the Denver & Rio Grande Western and a great favorite with hobos. Coming into Midvale. 10 miles south of Salt Lake City, she was two hours late by fog, snow, sleet...