Word: freighting
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Dates: during 1960-1969
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...many a little town across the U.S., the basic economic resource was the railroad. Competition from trucks has made short-haul, small-load freight uneconomic for railroads, and many small-town stops have been abandoned. The Central of Georgia used to stop at Coffee Springs, Ala., and the town made a living by ginning and shipping cotton. But the railroad ripped out the tracks that ran through Coffee Springs, and today weeds grow in what used to be busy streets. "We're going nowhere," says a longtime Coffee Springs resident. "There's nowhere we want to go." Similarly...
...their biggest boost from the steady spread of suburbia, which has created a need for more and more light and compact delivery trucks; last year such trucks accounted for three-fourths of all truck sales. Other segments of the industry are also growing fast. The share of long-distance freight transported by truck has risen to 23% from less than 10% 20 years ago, a trend that means a growing market for heavy-duty haulers. The healthy construction industry and the federal highway program increase the demand for big trucks...
...best a point of academic interest last week. A four-week-old strike by the International Longshoremen's Association had laid off 62,000 dockworkers from Maine to Texas, left 600 ships lying useless at anchor in Atlantic and Gulf Coast ports, and backed up some 14,000 freight cars under a pier embargo...
...York and New Jersey, the center will house anyone and anything connected with world trade: U.S. Bureau of Customs, customs brokers, freight forwarders, foreign consulates, exporters and importers, trade associations, chambers of commerce, banks, insurance firms and finance agencies, now scattered blindly about the city. There will be trade fairs, steamship, air, truck and rail carriers, foreign trade publications, commodity exchanges, a hotel, shops, restaurants, a world trade institute and library, and a bewildering assortment of information agencies. Yamasaki will do the design, while the Manhattan firm of Emery Roth & Sons - an office noted more for its concern for costs...
With $232 million in loans from the C. & O. and its bankers, the B. & O. plans over the next five years to repair 9,000 old freight cars, buy 18,000 new ones, enlarge tunnels that are now too small to accommodate profitable piggyback traffic, improve its yards, and buy additional automated rail controls. Though the two roads plan to keep separate their rates, routes and sales forces, they will consolidate ticket offices and terminals in cities from Chicago to Washington. Best estimate of able B. & O. President Jervis Langdon, 57, is that all this will save...