Word: freight
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Dates: during 1950-1959
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RATE-TEST CASE that was won by railroads will bring lower rates for freight shipments in competition against truckers. ICC precedent allowing roads to slash paint freight rates was first major test for transportation act to aid ailing railroads...
...government for its act in ousting the Reds from power in the state of Kerala (TIME, Aug. 10). They had plenty of tinder at hand: the soaring food costs and the rice shortage, which are spreading misery in Calcutta and all West Bengal. Starving mobs have halted freight trains and looted the cars of food. Confidently using the tactics employed against them in Kerala, the Reds fired off a 53-page "charge sheet" against the West Bengal administration of Chief Minister Dr. B. C. Roy, the 77-year-old leader of the local Congress Party, accusing his regime of corruption...
...nine Negro youths were arrested for allegedly raping two itinerant white prostitutes in an Alabama freight car, were dragged through interminable trials that included all the cliches of racial conflict: openly bigoted judges, brutal cops, a sullen courthouse mob. The case aroused nationwide protests against the South's double standard of justice, encouraged the Communists to exploit the racial bitterness and provoke a bloody race incident in Alabama. After six years in prison, Roy Wright and three of his companions were finally freed after the state dropped charges. Under public pressure, four others were eventually paroled, and one escaped...
...boom has passed a significant milestone. The buyers' market of the recession, said the Federal Reserve Bank of Chicago last week, has turned into the sellers' market of prosperity. Rising demand from industry and consumers has increased delivery time on new orders and created scattered shortages for freight cars and trucking rigs. It has also brought a short supply of labor in many skilled trades and slowed the rate of gain in output per worker as the number of jobholders has increased. "Under these circumstances," forecast the bank, "it appears likely that any substantial further increases in demand...
...FREIGHT RATE SLASH of 50% is expected after delivery of turboprop cargo planes ordered by Pan American World Airways from Lockheed at cost of $60 million. Scheduled for early 1962 delivery, the twelve Super Hercules planes will carry 35-ton payload nonstop across Atlantic, cruise at 360 m.p.h...