Word: freighting
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Dates: during 1960-1969
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...Freight pays more than passengers these days, and freight handling is the railroads' biggest business - a subject on which Davidson is a home expert. His family playroom in Manhasset, L.I., is monopolized by a vast and ever-expanding model-train layout, on which he and his children vie for time at the controls. "We have all freight cars - no passenger cars," he says proudly. "It's a very modern railroad...
...business; and the two men will be managing a railroad empire to excite the envy of a Hill or a Harriman. The Penn Central will operate on 40,000 miles of track in 14 states and two Ca nadian provinces. It will run 4,200 locomotives, 195,000 freight cars, and 4,937 passenger cars. It will also be the nation's largest private landlord, with real estate holdings that include Park Avenue hotels and a Pittsburgh office building-apartment complex, a 25% share in the new Madison Square Garden, erected over the rebuilt Pennsylvania Station in New York...
...water-level route would be much more economical than the Pennsy tracks that ascend nearly 3,000 feet over the mountains of western Pennsylvania. Connecting links between Pennsy and New York Central tracks are being rushed at Toledo, Grand Rapids, Cincinnati, Terre Haute, Chicago, Buffalo and Detroit. Freight yards at Cleveland and Indianapolis will be modernized, and an entire new yard-to be named after Perlman-is being built at Albany. The basic idea is to take advantage of the savings that through-freight operations can provide. "The speed factor is vital," says Perlman. "If goods are in transit...
...ranging interests. And they, in turn, have fueled the railroads' drive to diversify-if the Government eases up-into related areas of transportation. The Missouri Pacific, which already owns two truck lines extending 17,000 miles, last week applied to the CAB for permission to start an air-freight service. Says W. Graham Claytor Jr., new president of the Southern: "The railroads must press hard for the right to sell transportation, not railroad service. Then they must supply it in the most economical form suited to the customer's needs, including in many cases a combination of highway...
...sent U.S. pilots of the Air Force, the Navy and Marines pounding away day after day last week at vital transportation points throughout North Viet Nam. There was no lack of targets: under a month of cloud cover, the North had repaired much of the damage from previous raids; freight cars were everywhere on the move, truck traffic had tripled...