Word: freights
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Dates: during 1950-1959
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...arms over the latest Richmond deal. What upset the townspeople was an announcement by Republic Steel Corp. that it would buy most of the production facilities of 142-year-old Follansbee Steel Corp., the company that gave the town its name, pack them on freight trains and move them to Gadsden, Ala. The seller: Fred Richmond. Since Follansbee employs 90% of the town's work force, the deal spelled disaster. Said Mayor Frank Basil: "There won't be anything here to keep this community alive...
...biggest spenders, according to current expectations, will be the automakers, retooling and expanding for an even tougher sales race ahead. They will spend $1.5 billion this year, up 30% from 1953. The biggest drop will be registered by railroads, whose earnings have suffered from the decline in freight revenues...
...puffer is a boat that has to be seen to be adequately disbelieved. A tiny Scottish freighter that carries a small crew (the Maggie has four) and barely enough freight to make ends meet, it looks like nothing so much as a seagoing haggis, and not a very clean one at that. When Douglas realizes that his precious plumbing has actually been shipped in such a boat, he rushes to the rescue with a full panoply of American Efficiency: chartered planes, long-distance calls, press conferences, do-it-yourself. He is met by Scots Canniness: the wandering eye, the mislaid...
Recently the Foreign Operations Administration granted $20 million to India to buy 100 steam locomotives and 5,000 freight cars. India insisted that the U.S. do the purchasing. To get the best deal, the Government asked for competitive bids. Baldwin-Lima-Hamilton, the only U.S. firm that still makes steam locomotives, bid $178,200 per locomotive, v. the low bid of $81,470 from Japan. The low U.S. bid for freight cars was $2,912 per car, while other bids ranged from a German company's $1,006 to a Japanese firm's $1,860. Though...
...formed Iron Ore Co. of Canada pulled out all the stops to get Ungava into production. I.O.C. President Humphrey coined the slogan "Iron Ore by '54" and geared operations to meet it. A 17-plane airlift flying as many as 96 flights a day began lugging men and freight into the Ungava wilderness to lay out town sites, build power plants and dig ore pits. At a cost of more than 20 lives, a 357-mile private railroad was pushed across rivers and through mountains from Seven Islands northward to the mine sites...