Word: freighting
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Railroadmen knew that this was true. The net income of Class I railroads had dropped from $262 million in 1948's first half to $173 million in the first six months this year. Much of the diverted freight was picked up by truckers. They netted $40.5 million in 1947, nearly doubled that last year with $73.4 million, and their traffic was still rising...
Were U.S. railroads pricing themselves out of business? The Interstate Commerce Commission thought so. Since war's end, the railroads have asked for, and received, seven freight-rate increases, but freight revenues have been slipping anyway. Last week ICC reluctantly handed out an eighth increase (an average of 3.7%), boosting freight rates-and shippers' bills-an estimated $293 million annually. The commission also handed down a warning: the railroads' higher rates are diverting more & more business to trucks, a trend that "is too impressive and formidable to be ignored...
...skeds" had packed in their passengers like cattle to make their cut-rate fares profitable. Worse still in the same period there had been no less than four crashes, killing 117 people. The latest-and most serious-was six weeks ago when a Curtiss Commando plane operated by Strato-Freight, Inc. plunged into the Atlantic, killing 53 of its 81 occupants (TIME, June 20). After that, the Civil Aeronautics Administration decided to take a harder look at the non-skeds' safety practices...
Last week, CAA acted. Charging Strato-Freight with overloading and persistent violation of safety regulations (e.g., it had ignored a badly frayed flap follow-up cable), CAA ordered the airline to stop flying. It was the first time that CAA which usually leaves such police action to the Civil Aeronautics Board, had grounded an overseas airline...
...legged Communist named Idris Williams sat last week in a tall office building with his back to the winter view of beautiful Sydney Harbor. Two hundred seagoing ships were tied up there for lack of freight or bunker coal. Australians were shivering in heatless houses. Electricity for cooking, lighting and hot baths was rationed, and 650,000 had been thrown out of work because their factories had no coal. Comrade Williams, president of the Miners Federation, had called a coal strike...