Word: freighting
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Dates: during 1940-1949
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...calculating chief executive officer of C.N.J., decided to resort to some fancy bookkeeping, thereby transferring the operations and a fleet of C.N.J.'s engines and cars to C.R.P. He would also lend C.R.P. $750,000 for working capital. Then little C.R.P. would collect the $16-odd million of freight earnings on Pennsylvania coal, pay its earnings to C.N.J. either as dividends or as rent for the use of its tracks and leased lines, thus avoid the Jersey tax. All that stood between Boss Wyer and this relatively ideal situation was court approval, for which he applied last week...
...trouble had been on its way ever since December, when zero weather and blizzards and a manpower shortage first snarled up the overloaded railroads and disrupted fuel deliveries. The three-day embargo, clamped on all non-Government freight in the East, had helped (TIME, Feb. 5). But it was not enough. Last week, the Office of Defense Transportation clamped on another, this time for four days. Coal was the only civilian freight that could be moved...
...some 65,000 miners labored underground an extra day, getting out the coal. But production dropped anyhow, mainly because there were no rail cars to haul the coal to the freezing cities. On top of this, a temporary food shortage was on the way in many an Eastern city. Freight trains as far west as California were shunted on to sidings to wait till the snarl untangled. While they waited, many a grocer cleaned out his shelves...
...sent temperatures to 18° below zero at Portland, Me., to 16° below at Binghamton, N.Y., the Association of American Railroads decided it was time for drastic action. With the approval of the Office of Defense Transportation, A.A.R. clamped a tight three-day embargo on all non-Government freight moving east of Lake Michigan and north of the Chesapeake and Ohio lines in Virginia...
...gave bite for bite, came up with a new permit to operate in Colombia. TACA de Colombia will be a TACA affiliate, owned 45% by the parent company and 55% by Colombians. Operating in the pack-mule fashion that made it in 1942 the world's No. 1 freight flyer, the Yerex airline will pit two Douglas DC-2½s (DC-2s with DC-3 wings, double doors and reinforced bottoms) and a twin-engine Beechcraft against Pan Am's deluxe equipment. If it needs more money and talent than it has, TACA can draw from...