Word: freight
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...railroads are now willing to lavish funds on this lucrative freight operation. Last week in Chicago, the Chicago & Northwestern Railway dedicated its new Proviso Piggyback Plaza, a 20-acre, twelve-track staging point for road trailers moving by train. This week the Baltimore & Ohio is completing an $11 million project in which 18 tunnels are being enlarged, or are being bypassed altogether, to clear the way for piggy back trains moving west. The Southern is busy on a similar $35 million program on the line between Cincinnati and Chattanooga...
...lease piggy back cars and trailers, leaving railroads free to spend capital on track and tunnel improvement and such new yards as Proviso Piggyback. The most energetic of the leasing companies is Philadelphia-based Trailer Train Co., whose stock is owned by 35 railroads and by the U.S. Freight Co., the nation's largest freight forwarder. The company started with 530 piggyback cars in 1956, now has 16,000 moving around the U.S. - and is ordering hundreds of new ones each month. It pays $15,000 for each car, leases it to members. The company is also pushing...
...moving any trailer that made part of the journey by rail. Despite heavy pressure from the trucking industry, the Interstate Commerce Commission recently refused to reverse its 1954 decision approving piggybacking. The railroads expect piggybacking to double by 1970, eventually account for as much as half of all U.S. freight moved by rail...
...piece of the action by applying for an export license. The grain handlers are by no means the only ones who will benefit from the deal. It will fatten the chronically deficit-ridden U.S. balance of payments by a quarter of a billion dollars. Some 81,700 freight cars will be needed to move the wheat to ports. It will take 470 vessels with average capacities of 8,500 long tons apiece to ship it to Communist ports. By reducing the 1,048,000,000-bushel U.S. wheat surplus, the deal will cut storage charges to U.S. taxpayers...
Long before Father Faulkner settled into retirement after a random career as farmer, freight agent, owner of a livery stable and finally treasurer of the University of Mississippi, Bill had become the patriarch of the clan. The role suited him ideally. He cultivated a patriarchal mustache, dispensed eggnog to his cousins every Christmas morning and justice to a flock of Negro family retainers (including a hunting companion known as "Right Now For Bear" Doolie) the year round...