Word: freighting
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Dates: during 1960-1969
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...Passenger Potential. It might also signal a new era in civilian-pas-senger and freight transportation. Lockheed plans to put out a nonmilitary version of the C-5-the L-500-by 1971. In an all-passenger configuration, the L-500 could conceivably carry up to 1,000 people, which would allow airlines to slice New York-London fares...
Initially, Lockheed plans to produce and sell the L-500 as an all-cargo plane only-but the economics should be equally dramatic. Airlines presently account for less than 1% of all North Atlantic freight traffic, but have been making encouraging inroads on ocean shipping on certain types of goods-no-tably clothing. The L-500's huge payload in its 121-ft.-long cargo area would enable airlines to carry freight for as little as 2? per ton-mile, low enough to give surface shipping a great deal of competition on a broader range of cargo...
...same time, freight service, which now accounts for 86% of the Santa Fe's rail revenues, is being improved. The Santa Fe last January inaugurated what it calls "Super C" Flexivan service. The "Super C" freights make the 2,200-mile run from Chicago to the West Coast in 40 hours, faster than the Super Chief...
...newest freight venture, the Santa Fe is proposing that cargo moving between Europe and Asia be unloaded from ships and carried across a U.S. "land bridge" consisting of Santa Fe and Penn Central tracks. Moving between New York City and the West Coast in five days, the trains would chop five to eleven days off the same trip made by ship via the Panama Canal, with obvious savings...
Hair Curlers? When Santa Fe Industries gets rolling, railroading will become an increasingly smaller part of the whole operation. Santa Fe, through subsidiaries, is already active in real estate, oil production, pipelines, plywood manufacture and even air freight. And as Reed is fond of pointing out, the line's most profitable venture on the basis of return on investment is the Golden Gate Fields race track outside San Francisco, where Santa Fe as the property owner receives both rents and a share of the parimutuels. With such operations as a base, Santa Fe Industries will be willing...