Word: freights
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Dates: during 1950-1959
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Over the past ten years, air freight, parcel post, bus and truck lines have cut into the Railway Express business. (To pick up 100 Ibs. of furniture in New York City and deliver it in Chicago via Railway Express costs $12.26 v. $4.60 on a private trucking line.) The agency's traffic declined from 193.1 million shipments in 1947 to 73.5 million in 1957, and the downtrend continued in 1958. Revenues dwindled from $428 million in 1947 to $358 million in 1957 despite eleven rate increases...
...Central's Perlman has his mind set on "a fresh approach." Possible solutions: turn the express business over to private freight forwarders, who could use piggyback service coordinating rail and road traffic, or let the Government take over express as parcel post...
...Delaware, Lackawanna & Western Railroad asked the New Jersey Public Utilities Commission for permission to drop 40 suburban passenger trains, citing lower freight revenues which fail to support suburban passenger losses...
...minutes late. His throttle hand urged the Cannonball south along Mississippi's Big Black River at 75 m.p.h. while Casey exulted in its power. "Sim," he shouted to his fireman, "the old lady's got her high-heeled slippers on tonight." Minutes later he saw the freight cars parked on the track ahead. "Jump, Sim," cried Casey, "and save yourself." Fireman Simeon Webb jumped and lived. But Casey Jones, on the night of April 30, 1900, roared on to death-and became a legend...
Payrolls were growing fatter because basic industries continued to pick up: freight carloadings nudged year-ago levels for the first time since August...