Word: freight
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...hardest hit is Britain, which ordinarily gets two-thirds of its oil from Arab sources. The British have started printing gasoline-rationing coupons as "a precautionary measure," last week gave oil companies the go ahead to raise petroleum prices. Meanwhile, oil companies have been chartering every available tanker, lifting freight rates for Persian Gulf-to-Britain shipments to $19 a ton, a 350% increase in less than a month...
...fearing a leveling off of bus travel, began searching for new uses of Greyhound's cash. His first bet became a bonanza. For $14.7 million in stock, Greyhound bought San Francisco's Boothe Leasing Corp., which had been earning $400,000 a year mainly by leasing railroad freight cars and locomotives. Ackerman began buying jetliners-and made money when the credit-shy airlines started cashing in on the jet age. The subsidiary's earnings have zoomed 1,300%, to $6.2 million...
...prevented it from modernizing. By absorbing the line into the healthier North Western, that situation should be cured. The resulting line, retaining the name Chicago and North Western, would have 12,000 miles of track in eleven states. The merger would enable the two roads to discontinue several freight trains each and consolidate facilities at 28 points, including Chicago, Minneapolis-St. Paul and Des Moines. Not content with that, the North Western continues to hanker for control of both the Milwaukee Road and the Rock Island, just two of the sundry railroad-merger proposals still before...
...Even a Whisper. With Hanoi obviously unwilling to talk-or even whisper-the U.S. significantly stepped up its bombing attacks last week in an effort to reduce the North's capacity to send troops and weapons into the South. Air Force pilots destroyed a 60-car freight train and repeatedly struck an army training center near Hanoi-on one occasion getting embroiled in dogfights with 17 MIGs that cost one U.S. plane and possibly five of the enemy...
...Stadium to make it official - the cry of "Strike!" meant considerably more to most Americans than a waist-high pitch right over the plate. It meant wildcat walkouts by Teamsters and a retaliatory lockout by employers that held up two-thirds of the nation's truck-borne freight. It meant Huntley without Brinkley, at least until the 13-day TV-radio strike was settled. It meant the prospect of a newspaperless New York City for the fourth time in four years and of work stoppages by 12,300 Western Electric workers and 75,000 rubberworkers. Above all, it meant...