Word: freight
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Dates: during 1930-1939
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...Jersey Central went bankrupt, joined 81 roads (over 31% of U. S. railroad mileage) that have gone into receivership since 1931. Driven to the wall by seven consecutive whopping deficits, its first eight months' operations this year showed a $2,709,000 net loss. Of its once lush freight business, about 50% was coal and 40% manufactured goods, and neither recovered from Depression I. With heavy fixed charges on a bonded debt of $51,198,000, the strain of depression was too much. But the straw that broke Jersey Central's back was taxes...
...related that the great Paavo Nurmi, winner of six individual and three team gold medals in the Olympics, used to work out by running along next to freight trains passing near his home; with this pacing he evolved his famous loping style...
...French freight train chuffed calmly out of Mulhouse, across No Man's Land under the muzzles of Germany's guns, and up to Basel, Switzerland-first French train to arrive there since the end of August. Explained the engineer: "We had a lot of stuff consigned to Switzerland sitting in the freight station ... so I thought I might as well bring it along...
...from $25,800,000 to $31,700,000) compared with September 1938, while its net operating income jumped $4,100,000 (from $2,200,000 to $6,300,000). On the other hand Pennsylvania, which in September was already hard at work repairing down-at-heel freight cars (such repairs are charged to maintenance), had a $3,000,000 increase in various costs which held its net operating income down. Result: its net rose $3,000,000, its gross...
...Moore-McCormack the deal was even better. Under U. S. Government charter and direct ownership the firm operates American Republics Line's passenger-freight service to South America. For that line, by late 1940, Moore-McCormack will have 14-$40,000,000 worth-new 9,000-to 12,000-ton, 16½-to 18-knot passenger-freight ships, constructed under the Maritime Commission's program for rebuilding the U. S. merchant marine. Seven of the new ships have already been launched. Faced with the loss of its Scandinavian-Baltic trade (American Scantic Line) for the duration...