Word: freights
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Dates: during 1950-1959
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...TIME is to be congratulated on the very excellent article; however, the statement is made that "electronic brains made by International Business Machines will sort, classify, route and guide all freight cars from an inclined switching hump to their proper tracks automatically." This is not correct, as all the equipment installed at the Conway Yard, which controls freight cars in this automatic manner, was developed and manufactured by the Union Switch & Signal Division of Westinghouse Air Brake Co. A. M. WIGGINS Vice President and General Manager Union Switch & Signal Division Swissvale...
...Swedish Legation." He rented 32 houses in Budapest in the name of the Swedish legation, packed them with other Jews; he issued thousands of "protective passports" to still others, finally became so bold that on several occasions he bluffed Gestapo or SS guards into releasing Jews already loaded aboard freight cars for deportation or worse...
...rails, the nation's No. 1 rail carrier, Pennsylvania Railroad, steamed in with its best total in three years, a 6% rise to $991 million, but income crept up only 1% to $41.5 million. Helped by higher freight rates, Erie Railroad sales rose 9% to $175 million, while profits were up only $200,000, to $8,100,000. Union Pacific's gross income of $514 million bettered 1955's by $5,000,000, but earnings were off $600,000 to $78.6 million...
...state taxes for every $1 worth of business they pick up in the state. On top of that, railroadmen point to other special taxes, e.g., a federal railroad retirement tax, figured at of employee earnings v. only 2% for other industries, plus a 3% tax on freight shipments during World War II to discourage shipping on the overloaded roads, but never taken...
...trouble is that ICC is slow and hesitant to let railroads boost rates enough to cover inflated costs. Though U.S. roads have won 13 freight-rate increases since 1946, the hikes have only increased revenues per ton-mile some 45%, while wages jumped 130%, and material costs rose 80%. Another complaint is that ICC will not let the roads cut rates on products they can carry cheaper than competing trucks, thus tends to allocate markets and stifle free competition...