Word: freight
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...brought the matter up voluntarily at his weekly press conference, before anyone had a chance to ask. His report: only normal tanker traffic had been discovered. Anyway, he added, the rumored tactic would make no sense, because the oil could legally be sold only for its original cost plus freight charges and normal profit markup...
...from the front page are the old-fogyish editorial cartoons, as well as the proclamation that this is the "American Paper for Americans." The comic strip Moon Mullins no longer adorns the first page of the sports section, and most of the Shavian experiments in phonetic spelling (frate for freight) are a thing of the past. Thanks to its flamboyant long time publisher, Colonel Robert McCormick, the Tribune's history is as colorful as that of any paper in the nation. But its raucous eccentricities have given way to a calmer tone and a less polemical approach to events...
...Toonerville trolleys of commuterdom to the fusty relics that creak round the continent, they presently offer only slightly more attractive transportation than a Caterpillar tractor. Railroad managements generally, and frequently their employees, make no secret of their disdain for the passenger; the big money has always been in freight, real estate, mining and other off-track ventures. In the classic words of James Hill, a 19th century president of the old Great Northern, "A passenger train is like the male teat-neither useful nor ornamental...
...rode freight trains for kicks...
...satisfy creditors of the bankrupt lines (there is no precise limit). In addition, a new Railroad Equipment Authority would guarantee $2 billion of loans to finance the purchase of new rolling stock. Then Ginnie Rae would turn over operation of the new system to a United Rail Corp., a freight-carrying version of Amtrak, which runs the nation's passenger trains. If the United Rail Corp. is profitable, holders of Ginnie Rae's bonds could eventually exchange them for stock in the corporation, turning it into a privately owned company. There is little evidence, though, to suggest that...