Word: freight
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...company, with assets of $4.2 billion. The 9,867-mile PENNSYLVANIA RAILROAD and the 10,264-mile NEW YORK CENTRAL have a compelling plea: each is losing money. But combined, they figure to cut 7,800 jobs and save $75 million a year. The ICC, which moves slower than freight, will take about two years to decide on that application. But two other Eastern mergers are likely to get the ICC's green light within the next year...
...railroads today would far rather haul freight than people-and they show it. But things are different in the rest of the world. Though the glamorous Orient Express, beloved by mystery writers, has been curtailed because of international red tape and visa requirements, the luxury train still belongs to the European way of life. Latest and best is West Germany's sleek new Rheingold Express, which clicks along at 100 m.p.h. between Basel and Hook of Holland. Its six cars offer the latest in air-conditioned high living-roomy six-seat compartments, contoured reclining chairs, a glass-walled observation...
...McGinnis would first like to merge the B. & M. with the Delaware & Hudson, with which it connects, and then with the booming Norfolk & Western. This arrangement would eliminate much of the $7,000,000 a year that the B. & M.. as a terminal line, pays other railroads in freight car charges...
...been in perfect health until that afternoon when he was slammed against a bridge abutment while riding a freight train. The arm was not mangled, although its upper part was torn. Duty surgeon Dr. L. Henry Edmunds promptly spotted a chance for a historic operation. He started giving the boy two pints of blood, to combat shock, and antibiotics and tetanus shots to guard against infection. Then Dr. Ronald A. Malt, chief resident surgeon, gave the go-ahead order that called in all the specialists who would make the operation a major team effort...
...team of eight attorneys to keep watch on the giant automaker. The Government already has four antitrust cases against G.M. in pretrial stages: 1) a criminal indictment charging that the company has monopolized the diesel electric locomotive market by unfair use of its power as the railroads' largest freight customer; 2) a suit alleging that G.M. monopolizes 85% of city and intercity bus sales; 3) an effort to nullify G.M.'s acquisition of Ohio's Euclid Road Machinery Co.; and 4) a suit charging that G.M. and three Southern California auto dealer groups conspired to prevent...