Word: freight
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...Washington last week, a seven-man presidential task force submitted a report on the problem that recommends the federal spending of at least a million dollars on a survey to find new, faster and cheaper ways of moving people and freight through the megalopolis. Curiously, the report points out, the passenger capacity of existing intercity transportation is greater than the demand, although there is chronic congestion at the airports and along airways...
Serving 20 of the 23 biggest air traffic hubs in the nation, it would account for 33% of the U.S. airline industry's operating revenues, 40% of its freight business and 36% of its total assets. "The only other carrier that would be even close," wrote Wiser, "would be United, which has about a fourth of the business." Wiser's opinion is not binding on the CAB. The board can vote to overrule its examiners (and has on 18 of their last 47 recommendations). But because international routes are involved (Mexico, Bermuda, Puerto Rico), final...
...parents' reaction was unusual because the patient was unique: he was Everett Knowles Jr., 13, the Little League pitcher from Somerville whose right arm was torn off by a freight train and sewn back in place at Massachusetts General Hospital. But in this first operation (TIME, June 8), the surgeons rejoined only skin, muscle, bone and blood vessels; they left the all-important nerves until later. In September they rejoined some of the nerves. Whether freckle-faced "Red" Knowles's arm would ever regain its sensation and power could not be foretold...
...casualties needed to win and then go off to a peaceful lunch." He has already raised fares on heavily traveled commuter runs and proposed to scuttle lightly traveled ones. He wants to close 24 obsolescent repair shops (which would eliminate 18,000 jobs), also intends to speed up freight schedules and give major companies their own freight cars in what he calls "the livery of their own choice...
Lines from $1.9 million to $7.2 million, while increased rail freight loadings hiked the earnings of the Western Pacific, Missouri Pacific and Norfolk & Western. Heading toward its best year since 1957, Chrysler Corp. swung around from last year's third-quarter deficit of $4.8 million to a profit of $3.2 million. In oil, higher sales offset gasoline price wars and led to profit increases of 7% to 42% for Cities Service, Texaco, Socony Mobil, Gulf, Tidewater, Sun and Shell...