Word: freight
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...miles long. The boiling seas were choked with icebergs, growlers or low-riding chunks of glaciers, massive hummocks of pack ice, and brash or bits of broken pack ice. Nowhere in all that snow-swirling polar frenzy was there sight, sound or sign of the Hans Hedtoft and her freight of 95 human beings...
American Airlines put a big bet this week on the future of air freight. To Douglas Aircraft went a $4,250,000 contract to turn ten of American's piston-engined DC-7B airliners into air freighters. All passenger fittings will be ripped out; the relatively new (four years or less) luxury planes will get heavy-duty floors, stronger fuselages, two huge cargo doors. When the last of the freighter 73 goes into service next year, it will give American a 20-plane cargo fleet with more than twice the line's current capacity...
...told last year, U.S. trunk airlines carried 232 million ton-miles of freight, up 6.4% from 1937. American gained 15% (to 95 million ton-miles); United gained 14% and Delta 40%, in the first eleven months alone. The Flying Tiger line, operating largely as a cargo carrier, jumped 25%, to 65.6 million ton-miles and a $12 million gross. The big boost comes from a new approach to cargo by both the lines and businessmen. Instead of relying on emergency shipments of badly needed goods and the small oddball traffic in perishable orchids, baby whales and race horses, the airmen...
...Freight carloadings climbed 2.3% above 1958 levels, for the most significant gain in 17 months. Railmen expect the upsurge to continue...
...Delaware, Lackawanna & Western Railroad asked the New Jersey Public Utilities Commission for permission to drop 40 suburban passenger trains, citing lower freight revenues which fail to support suburban passenger losses...