Word: freight
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Dates: during 1930-1939
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These remarks by President Jeffers last week followed by only five days a decision of the Interstate Commerce Commission to raise railroad freight rates for certain commodities enough to give U. S. roads an estimated $47,500,000 more revenue a year (TIME, Nov. 1). This sum President Jeffers last week called "a drop in the bucket." With 200 other top U. S. railroad executives he presently sat down in Chicago to discuss passing the bucket to the I.C.C. once more. After two days' talk the conclave agreed to ask the I.C.C. for: 1) a flat 15% rise...
...reason railroad revenues are not up in proportion to operating costs is because the Interstate Commerce Commission on Jan. 1 removed the emergency freight rates set up in 1931. Anticipating this $120,000,000 cut in revenue, the roads in October 1936 petitioned the I. C. C. to raise freight rates on certain basic commodities. Last week it somehow became generally understood in Wall Street that the I. C. C. was about to announce a favorable decision. With throttle wide and all passengers clinging to their seats, railroad stocks thundered up, pulling the whole market along with them...
...railroader but the next thing to it-up-from-a-telegrapher's-key-Ernest Norris got his first railroad job as assistant agent for the Chicago & North Western at Arlington Heights, Ill. In 1902 he went with the Southern as special agent & car tracer, in the days when freight car hire was a complicated matter of mileage rather than per diem rental. He has lived in the South ever since, married a Southern girl, but never acquired the accent, remained a Republican, always suffered from the heat...
...entirely reflected in the production indices, that is simply because manufacturing companies are still filling orders born of summer optimism. Car loadings are just holding even, and after the unusually large farm crops have been moved there seems to be nothing on the horizon which will keep the freight cars of the country partially loaded. Steel capacity is far down, and the building industries, backbone of the new prosperity in England, are beginning to slide back again after only a moderate rise. All these are but isolated and striking instances of the fact that our brief moment of prosperity...
...Lake Ontario (184-mi.), and 1,045 more miles through Lake Ontario, the Welland Canal, Lake Erie, St. Clair River, Lake Huron, the Straits of Mackinac, then due south through Lake Michigan to Whiting. By Halloween, Mr. Kellogg expected to deliver one of the biggest single pieces of freight ever shipped...