Word: freight
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...Your splendid summary of the 21st century railroad [Jan. 26] glossed over the incompetence and inadequate management of railroad passenger service. If Messrs. Saunders and Perlman would show the same attention to improving the lot of passengers as they obviously have shown to freight, America would enjoy a third service (to air and highway...
...business; and the two men will be managing a railroad empire to excite the envy of a Hill or a Harriman. The Penn Central will operate on 40,000 miles of track in 14 states and two Ca nadian provinces. It will run 4,200 locomotives, 195,000 freight cars, and 4,937 passenger cars. It will also be the nation's largest private landlord, with real estate holdings that include Park Avenue hotels and a Pittsburgh office building-apartment complex, a 25% share in the new Madison Square Garden, erected over the rebuilt Pennsylvania Station in New York...
...water-level route would be much more economical than the Pennsy tracks that ascend nearly 3,000 feet over the mountains of western Pennsylvania. Connecting links between Pennsy and New York Central tracks are being rushed at Toledo, Grand Rapids, Cincinnati, Terre Haute, Chicago, Buffalo and Detroit. Freight yards at Cleveland and Indianapolis will be modernized, and an entire new yard-to be named after Perlman-is being built at Albany. The basic idea is to take advantage of the savings that through-freight operations can provide. "The speed factor is vital," says Perlman. "If goods are in transit...
...ranging interests. And they, in turn, have fueled the railroads' drive to diversify-if the Government eases up-into related areas of transportation. The Missouri Pacific, which already owns two truck lines extending 17,000 miles, last week applied to the CAB for permission to start an air-freight service. Says W. Graham Claytor Jr., new president of the Southern: "The railroads must press hard for the right to sell transportation, not railroad service. Then they must supply it in the most economical form suited to the customer's needs, including in many cases a combination of highway...
...East. The Pennsy, in turn, has opened offices in seven European cities. The aim is to build up a business in containerized shipments that can be handled by rail after they are unloaded from ships. The U.S. railroads are pushing to establish a "land bridge" service by which freight bound between the Far East and Europe would travel by ship to the U.S., go by rail across the country, and on ships again to its final destination. The savings in time would be significant: 28 days from Japan to Europe by way of the land bridge v. 44 days...