Word: freights
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Dates: during 1940-1949
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...industry followed Big Steel's lead on wages, and began figuring price increases, too. In addition to the wage increase, the new prices would also have to cover higher coal prices (which added up to $1.25 a ton to the cost of finished steel) and a freight rate increase which hit in May, just before the industry cut prices (TIME, May 10). The weekly Iron Age estimated that steel would go up as much as $10 a ton-a whopping...
...Louis. On top of these some companies piled extras, pleading the elimination of the basing-point system (TIME, July 19). 'Detroit's Great Lakes Steel Corp. made its new f.o.b. prices $4 a ton more than the old ones, to match those of distant competitors, plus freight to Detroit...
Last week Jimmy Gardiner supporters were in the field, promising freight rate adjustments to the Maritimes, cheap feed grains to Ontario farmers, federal financial aid for scores of community projects. In Quebec, they reminded French delegates that Jimmy was a steadfast opponent of conscription (in private-he followed the party in public) and that he fought what he terms the "thin wedge of Communism" of the CCF in Saskatchewan...
...years the Federal Trade Commission poked and jabbed at heavy industry's . basing-point system ,of pricing. Under that system, producers absorbed enough freight costs to "meet competition" in areas distant from their mills, added "phantom freight" costs on some short-haul sales. Thus they got to identical prices at any given destination. Last April, the Supreme Court upheld FTC's charge that such identical prices added up to trustlike collusion. The court ordered the defendants in the case, the cement industry, to drop the basing-point system. The order went into effect last week...
...industry was feeling no pain: with cementmakers now selling f.o.b. at their mills, the savings on freight absorption meant increased earnings. Consumers were in a different boat: with airfreight costs now added to their bills, buyers suddenly found the delivered price of cement boosted as much as 25%, depending on the distance from producer to purchaser...