Word: freighting
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Dates: during 1960-1969
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...take over the Nickel Plate, the Wabash and three connecting roads. After more than two years of study, the ICC last week voted 10 to 1 to give its go-ahead to the merger. With that decision, the way was opened for the creation of a 7,450-mile freight superline whose routes would reach west to Missouri and north into Canada, save the two lines $27 million in costs each year. Railroaders saw in the ICC decision a far grander design: the reconstruction of the entire Eastern rail system into a strong regional network...
...FREIGHT CARLOADiNGS: Bernard Baruch is reputed to have said long ago that the surest way to gauge the whole economy is to "watch freight carload-ings." That was long before trucks and planes captured such a large share of the changing cargo market, and also before freight cars were built bigger to carry more cargo. Result: freight loadings often go down-as they have for four of the past ten weeks-at the same time that total cargo tonnage goes up. For such reasons, the Pennsylvania Railroad, the nation's largest, last week announced that it will no longer...
...steal away earnings and its ships, hotels and airline to slip into the red. Even worse, it sold off or leased much of its 25 million acres of valuable oil, gas and mineral and timber land, largely because it was reluctant to compete directly with some of its own freight customers...
...Canadian National. But Crump steadily picked up momentum, has become a hard man to brake. He has entirely dieselized the road, shorn off many of its unprofitable branch lines and short-haul passenger trains, aggressively adopted piggybacking and bought the world's largest railroad-owned computer to direct freight and handle accounting. Result: in 1963's expanding economy, after a monotonous downgrade run, C.P.R.'s earnings rose 24% to $40.1 million, the highest since 1957. Canadian Pacific Airlines also broke through the profit barrier to earn $350,000 in 1963 largely because of a wise investment...
...despite this freight of handicaps, Molly does not go under-mainly because of Debbie Reynolds. Having browbeaten MGM's executives into letting her play the part-a plum better suited, they thought, to Shirley MacLaine-Debbie Mollyfies the audience with all the raucous charm and irrepressible high spirits of a girl who is out to win the Derby astride a dead horse. As a comedienne, she spurns subtlety but makes the shortcoming seem a solid gold asset in a character who boasts: "I'm a vulgar, extravagant nouveau riche American!" She even works slick, if slightly unnerving, pathos...