Word: freight
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Dates: during 1930-1939
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...Chairman Jesse Jones announced that RFC had agreed to lend $14,000,000 to the Southern Pacific subject to ICC approval to meet equipment trust maturities and $778,000 to the Lehigh Valley largely for freight car repairs, that Baltimore & Ohio officials were "confident" they could "get through" 1938 without defaulting on any obligations...
Long Haul tells the story of Nick and Paul Benay, who picked up loads of freight in Oakland, Calif., hauled them to Los Angeles, fighting sleep, thieving agents, collectors who tried to seize their truck because they were behind in their payments. When they were paid $235 (the agent owed them $400), they bought a load of lemons in Los Angeles, rushed them to Oakland where they sold them, during a temporary shortage that boosted the price, for $520. But, as their luck was looking up, a drunken driver smashed into the truck, nearly killed Paul. Driving alone, hauling pipe...
...Franklin Roosevelt called another conference with railroad bigwigs to discuss the desperate railroad plight (see p. 64), the roads had their first good news in many a day. The House Interstate Commerce Committee killed a Senate bill to limit the length of freight trains to 70 cars-a law for which railroad labor lobbied long and earnestly but which would have cost the roads an estimated $125,000,000 to put into effect...
...Association of American Railroads. Last week, in common with many another railroad bigwig, J. J. Pelley was irked beyond measure. It was not merely that U. S. railroads face their greatest crisis. It was not merely that the Interstate Commerce Commission last fortnight gave the roads a 5.3% freight rate rise instead of the 15% the A.A.R. had requested (TIME, March 21). The cinder that really got in Mr. Pelley's eye was the fact that when President Roosevelt finally held his long-promised railroad conference last week he pointedly neglected to invite J. J. Pelley or any other...
Strip steel (steel rolled into plates and sheets instead of steel in ingot form) is used in an ever-increasing variety of products-tanks, freight cars, automobiles, beer barrels, stoves, refrigerators, signs. Republic's new mill is designed for "tailor-made" production to meet the special demands of each customer. Raw steel arrives at the plant in slabs as long as 16 feet, as thick as six inches, as heavy as eight tons. Shoved into three furnaces at the beginning of the production line, the slabs are cooked to a white-hot 2250°. Then, with a thud that...