Word: freighting
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Dates: during 1950-1959
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RAIL INCOME SLUMP is stoking up demand for another freight rate hike. Despite rise in carloadings in 1956, higher costs trimmed net income of nation's Class 1 rails to $875 million, off $52 million from 1955. Eastern railways may ask the Interstate Commerce Commission for 15% rate boost on top of recent 7% emergency hike, Western railways for 17% raise in addition to recent 5% increase...
...demand for many of industry's products. Detroit's automakers alone poured $1.7 billion into expansion in 1956, but at year's end were embarrassed by a shortage of 1957 models. Railroads shelled out $1.3 billion for expansion, and were plagued by one of the greatest freight-car shortages in history. Utilities and mining expanded by $6 billion, and were still beset by complaining customers...
...plants on the east and west coasts, while Youngstown is concentrated in the Midwest. Youngstown produces many products that Bethlehem does not, e.g., seamless weld pipe, while Bethlehem manufactures steel types not made at all or in any large quantity by Youngstown, e.g., structural steels, rails, castings, stampings, machinery, freight cars, ships. The merger would permit product and geographic expansion that neither company could finance in the tight money market...
London peopled a whole world with semibarbarians-bucko mates on tramp steamers, sealers in the North Pacific. Seattle waterfront toughs, stiffs riding the rods of Western freight cars-all larger than life, and, because of that, something less than real. This scissors-and-paste collection of his work (with the important dogs missing) is a valuable book for U.S. readers -who have begun to forget London's parables of violence, partly because they see the realities of violence all over the world...
...Under the European system of 7 points for first place, the score was 622½ to 497.) Melbourne's largest funeral parlor took down its "Welcome to Olympic Visitors" sign, and airline flights were so solidly booked that one desperate spectator tried to get shipped home as freight. In the Olympic stadium, the gas was turned off and the Olympic flame, symbol of sporting competition, flickered out for another four years...