Word: freight
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...mile downstream stretch is already navigable, will be extended another 100 miles to Little Rock before year's end. Engineers predict yearly benefits of $69,927,400, by 1970, a strangely precise estimate arrived at by combining savings in flood control, hydroelectric energy, recreation and freight. Up and down the river, land prices have soared-in one case from $25 an acre to $2,500 with no ceiling yet in sight. Boats have become as ubiquitous as second cars. Supporters of the project claim that cheap transportation will tap the landlocked region's raw materials and enrich...
...eight in one day. Last year delays cost the airlines $50 million. This year, in the Golden Triangle alone, they are hitting $1,000,000 a day. Uncounted-and largely unnoticed-additional losses come from air-cargo delays. New York Customs Broker Jack Hyams said that Kennedy Airport has freight stacked up "practically to the runway," with three-week delays for some local deliveries after shipments have been landed...
...Passenger Potential. It might also signal a new era in civilian-pas-senger and freight transportation. Lockheed plans to put out a nonmilitary version of the C-5-the L-500-by 1971. In an all-passenger configuration, the L-500 could conceivably carry up to 1,000 people, which would allow airlines to slice New York-London fares...
Initially, Lockheed plans to produce and sell the L-500 as an all-cargo plane only-but the economics should be equally dramatic. Airlines presently account for less than 1% of all North Atlantic freight traffic, but have been making encouraging inroads on ocean shipping on certain types of goods-no-tably clothing. The L-500's huge payload in its 121-ft.-long cargo area would enable airlines to carry freight for as little as 2? per ton-mile, low enough to give surface shipping a great deal of competition on a broader range of cargo...
Hair Curlers? When Santa Fe Industries gets rolling, railroading will become an increasingly smaller part of the whole operation. Santa Fe, through subsidiaries, is already active in real estate, oil production, pipelines, plywood manufacture and even air freight. And as Reed is fond of pointing out, the line's most profitable venture on the basis of return on investment is the Golden Gate Fields race track outside San Francisco, where Santa Fe as the property owner receives both rents and a share of the parimutuels. With such operations as a base, Santa Fe Industries will be willing...