Word: freight
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Sandburg grew up in Galesburg, Ill., where his Swedish father was a railroad worker. He quit school at 13, hopped a westbound freight at 17 to see the land he was to celebrate. Later Galesburg's Lombard College accepted him on the basis of a special qualifying examination. After studying there for nearly four years, he hoboed in the East, then became a newspaper reporter, a vocation he pursued on and off as a correspondent and columnist for Chicago dailies until...
Over the phone, through the mails, in ads and commercials comes a barrage of invitations to join the national sweepstakes; housewives do not just shop any more, they take chances on a freight car full of oranges, or a new convertible stuffed with $27,000 in cash. This sort of thing may not be real gambling, but it does contribute to a gambling atmosphere. Says one interested witness, the Nevada Gaming Control Board's Wayne Pearson: "Statistically, gambling is the normal thing. It's the non-gambler who is abnormal in American society...
...airline industry has soared far past the railroads in the passenger business, but so far it has been low and slow on freight. Of all cargo transported in the U.S., 43% is still carried on the rails, only 1% in the air (trucking gets 23%, shipping 15% and pipelines 18%). So it was a neat move last week when the Flying Tiger Line, the nation's biggest all-cargo airline, reached into railroading's highest corporate ranks to name Wayne M. Hoffman, 44, the No. 2 man at New York Central, as its new board chairman. In making...
...million, while multiplying its profits nearly threefold to $12.1 million. What makes the record all the more impressive is the fact that the airline was founded in 1945 on an investment of $180,000 and a rickety fleet of eight Budd Conestogas. Briefly called the National Skyway Freight Corp., it took its subsequent name-and many of its top personnel-from the legendary Flying Tigers, volunteer American pilots who flew for China early in World War II. Disbanded as a unit 25 years ago last week, most of the Tigers began ferrying supplies for the China National Aviation Corp...
With Prescott, now 54, still its president, Flying Tiger expects this year's revenue to reach a record $100 million. Nonetheless, the company's fortunes remain creased with uncertainty. For one thing, the fact that air cargo is much higher-priced than surface freight leaves it vulnerable to more severe effects of economic slowdowns. Making the business even more unpredictable is the heavy dependence on Government contracts. Flying Tiger's first big business came when it landed a six-month Government contract for hauls to Ja pan in 1946; later it profited in a major way from...