Word: freighting
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Dates: during 1950-1959
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Monnet's Europe Inc. hopes to escape from the "jungle of restrictions"-tariffs, quotas, production subsidies, price fixing and discriminatory freight rates-that has choked Europe's enterprise for centuries. Eventually, Italian householders should be able to buy Ruhr coal as easily-and almost as cheaply-as if it were mined in their own backyard; Dutch businessmen will get competitive bids from French and German, as well as Dutch, manufacturers. Europe's industrialists, glows Monnet, already "are discovering the big market. They think it is wonderful...
...National Can Corp., 1952 was a hard year. Because of the steel strike, a lost decision on an old breach-of-contract suit, and a costly adjustment in freight rates, the company lost $491,241 in the first nine months. National, deciding that what it needed was new management, literally bought a new president...
Though gas turbines will ultimately be cheaper to maintain than diesels. they have disadvantages. They burn almost as much fuel while idling as when running full blast, thus are not efficient on short hauls or stop & go passenger trains. But they are ideal for hauling fast freight over U.P.'s mountainous track and can, like a diesel, run 300 to 400 miles without refueling or stopping for water. By using them only on such runs, Stoddard figures that U.P. will save on maintenance, and pile up plenty of know-how against the day when gas turbines are improved enough...
...days before the Allied breakout from Normandy in World War II, a Vichy government train was chugging through central France. Its freight: ten billion French francs (then worth $200 million) for the Bank of France in Limoges. At a tank stop the train was boarded by a gang of armed Maquis, who threw the moneybags into waiting trucks and disappeared into the night. When the Allies reached Limoges a few weeks later, they were feted by a bunch of exceptionally free-spending French partisans. Most freehanded of all was lusty, red-faced Colonel Georges Guingouin...
...crowded, oak-paneled boardroom of Washington's Riggs National Bank last week, the long ownership battle over the American President Lines, Ltd. finally came to an end. On a bid of $18.4 million, the line, with its 17 passenger and freight ships, went to A.P.L. Associates. Inc., a company formed by California Oilman Ralph K. (for Kenneth) Davies...