Word: freighting
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Dates: during 1980-1989
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...Alexander Suvorov could carry as many as 468 passengers, so the death toll may be higher. According to another unconfirmed report, a freight train was crossing the bridge at the time of the crash and several cars toppled off, possibly crashing through to the ship's jammed upper deck. Witnesses claim that only 40 people were rescued. Said a distraught resident of Ulyanovsk: "There is great chaos in the city. People are crying in the streets...
...unprecedented 2 million immigrants, double the average annual influx, may sneak into the country before 1983 is over. More than half a million will become permanent residents, joining the shadow population of 3.5 million to 6 million illegal immigrants already here. They come for jobs, scrambling through fences, hopping freight trains, wading the Rio Grande, or riding in trucks with smugglers, who charge as much as $2,000 a head. Said a Mexican baker in Phoenix who smuggled his wife and ten children across the border: "It was too hard to make a living in Mexico with so many kids...
...spent nearly $3 billion to computerize rail yards, upgrade facilities and repair creaky tracks. With the passage of the Northeast Rail Service Act in August 1981, Conrail was permitted to halt traffic on 2,600 miles of uneconomical track, about 15% of its total route network. Some 22,000 freight-service employees, including 5,000 who had job or severance guarantees, were cut from the payroll at a cost of more than $130 million. Last January, Conrail handed its unprofitable commuter service in New York, New Jersey, Connecticut and Pennsylvania over to local and state-run transportation agencies. (Amtrak...
...transfer profits from its drilling operations to other areas, it can reduce the amount that is exposed to the high tax rate and pay the corporate rate, no more than 46%, instead. Critics contend that Arco does this by inflating its transportation costs. The company charges itself a high freight rate of about $4 per bbl. on oil it ships in its own tankers. The fee includes a so-called risk premium that is supposed to compensate independent tanker owners against the times when their ships are idle. Since Arco owns the ships and keeps them busy virtually year-round...
...months since People Express started up, its home base-a former freight terminal-has become the busiest gateway at Newark International Airport, some 13 miles southwest of New York City. Flying passengers between cities from Boston to Palm Beach and as far west as Columbus, the pint-size airline earned a profit of $27 million in the first nine months of 1982, while the likes of Pan Am, Eastern and TWA were all showing losses. People's progress is mainly due to the lowest operating costs in the business, an average of 5.3? per seat per mile flown...