Word: freighting
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Dates: during 1960-1969
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Significant Difference. For the second straight week, department store sales climbed; across the nation, they rose 26% over a year ago, when 1960's heavy blizzards helped to cut sales. Freight car loadings, an indicator of general economic activity, rose 7% above the preceding week, and the Association of American Railroads saw the beginning of a gradual upturn. A new survey of businessmen's plans for plant and equipment spending showed that in the year's second half they intend to reverse the gradual decline in spending. For the year as a whole, they will cut their...
...HAVEN BANKRUPTCY was recommended for the deficit-ridden railroad by an ICC examiner and a committee of prominent New England businessmen. The examiner said the road's commuter lines should be run by state agencies, leaving it with only freight business and token passenger service...
...Chinese refugees fleeing into Macao reported that food rations in China are so scanty that "even the birds would find it hard to survive." Worried Hong Kong Chinese are shipping more than 100,000 lbs. of food daily to relatives on the mainland. Peking is urgently seeking freight space to import 330,000 tons of wheat from Australia, 350,000 tons of rice from Burma and 120,000 tons of barley from Canada...
...Steel executives and union representatives, who rarely meet except at the bargaining table, got together in Washington at the urging of United Steelworkers President David McDonald to discuss ways "to get idle steelmaking facilities and idle steelworkers back to work." The two sides came to no agreement. Railroad freight carloadings, continuing to feel the pinch in steel, were down 13.2% in the last reported week, and shippers predicted that they will fall 5.1% in the first quarter below the year-ago level...
...which earned $37,994,000 in the first eleven months of 1960 and has paid a dividend for all years except two since 1899, intends to pump money into the B. & O. system for a badly needed modernization program, will repair or replace the B. & O.'s worn freight cars. All told, Tuohy expects the merger ultimately to save the two lines $46 million a year...