Word: freights
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Dates: during 1940-1949
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Would the cuts be passed on to consumers? There were no signs of it, especially in the auto industry, biggest steel user. The recent increase in freight rates had more than canceled out the savings in steel. So some automobile prices were still rising. (Last week the Ford Motor Co. upped the price of its new Mercury, a heavier...
Under this cozy arrangement, the base prices of cement were fixed at certain "basing point" plants across the country. Beyond the base price the buyer also paid freight costs from the nearest basing point plant. All cement plants in the U.S. thus charged the same price for cement laid down at any one job. The plants closer to the consumer than the basing point plant tacked on a "phantom freight" which was more than the shipping cost; the plants farther away charged a freight which was less (and took less profit...
What the FTC wanted, in effect, was an f.o.b. system such as automakers use, with consumers paying the cost of a product, plus the actual freight to the point of delivery. For many a consumer close to a plant, this would mean a price cut. Those far away might find prices boosted, at least as long as materials were scarce...
Rate Peace. CAB called a halt to the rate war between scheduled and independent air freight carriers (TIME, Oct. 6). It set a new minimum rate of 16? a ton mile for the first 1,000 miles, 13? thereafter. CAB thought that lower rates "would endanger the sound development of the air freight industry...
Third Time Around. ICC granted Class I railroads an average boost in freight rates of about 4.2%, the third increase since last October (total average increase: 21.4%). Class I railroads stood to add about $300,000,000 to their revenues, which had been sharply cut by increased labor and operating costs...