Word: freighting
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Dates: during 1940-1949
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...days, with Mackenzie King watching every move, the resolutions committee hammered away at a party platform. The convention dodged such issues as inflation and Communism. To please the seven Maritime and western provinces, it plumped for a Royal Commission on freight rates. In an assertion of Canadian nationalism, it called for abolition of appeals to the Privy Council in London. It favored a defensive union with the U.S. and Western Europe. (Almost unnoticed, young Liberals slipped through a resolution amendment favoring "union security" and calling on the government to enforce the labor code. Snapped big, bumbling Labor Minister Humphrey Mitchell...
...Price. The Government is buying surplus potatoes at around $1.55 a bushel, and selling them to distillers and food processors at a give-away price of 9?a bushel. (The Government pays the freight, which averages another 40^ a bushel.) The. only condition is that the buyers turn the potatoes into flour. To help feed occupied Germany, the Army has promised to pay about $7 a hundred pounds for as much as 448 million pounds of potato flour, about 30 times the normal annual output. With a highly profitable market thus assured, dozens of companies have started making flour...
...manufacturing there. The replacement of basing points by f.o.b. pricing had boosted the company's steel bill $9.20 a ton, and it would save money by being at Pittsburgh. Encouraged by the plant shift, the Pittsburgh Industrial Development Council began tootling its horn to attract other fugitives from freight charges. But Detroit, which uses twice as much steel as it produces, started a campaign to make more. Said. its board of commerce: "We have iron ore going right past our door. We have limestone . . . [All] we need is coal...
Boost into Black. U.S. railroads, which had received a 21.4% temporary freight-rate increase since last October, got the increase made permanent by the Interstate Commerce Commission. ICC also added a new 1.2% boost (about $67.4 million a year), much less than the additional 5.6% the railroads had asked. Nevertheless, the roads were feeling a lot better. Example: in June, the Pennsylvania netted some $8,000,000, almost triple the May profit. It was enough to wipe out four previous months of red ink and put the road in the black for the half year...
...came out of World War II with a swollen freight fleet and a passenger fleet shrunk to half the prewar size. When shipping companies laid plans to build up the passenger fleet from 350,000 tons, a lowly fifth among the nations of the world, they found themselves stranded by high building costs. Even with the $178 million which Congress had voted in shipping subsidies, shippers were afraid to take a chance on the big, fast ships which they need to compete on the North Atlantic and the U.S. needs for defense purposes (i.e., military transports). Last week, with...