Word: freights
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Dates: during 1950-1959
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...Chicago Tribime's WGN-TV and the Fort Worth Star-Tele gram's WBAP-TV, have set up separate TV desks, with a staff of newsmen and newsreel and TV cameramen. Even with all that, covering live spot news is often impossible. For example, when a freight plane crashed in Jamaica, N.Y. two weeks ago (TIME, April 14), a WPIX camera crew found it could not send on-the-spot broadcasts, though it was only ten miles from the station; a ridge was between it and the station's transmitter. Moreover, even getting to the scene...
...twelfth time in six years, the ICC last week granted U.S. railroads a freight-rate increase. The latest 6% to 9% hike puts rates about 75% above prewar levels, and will give the railroads $618 million in new revenue this year-making it harder than ever for them to compete with trucks...
...Texas Railroad Commission last week turned down a request of the Missouri-Kansas-Texas Railroad (The Katy) to reduce freight rates on less-than-carload shipments to compete with the trucking companies which have been snatching away business...
Coulter borrowed $250,000 for new equipment, hustled business from such big shippers as Quaker Oats, U.S. Gypsum and Armour, reopened 20 freight offices across the country, and started informing shippers by postcard on every movement of their freight. He raised wages to standard rates, set up a management-labor suggestion committee, spruced up cabooses with new coats of paint, good toilet facilities, even outlets for electric razors...
...walk out on the "sickness" strike last year. Now entirely dieselized with 15 new locomotives, the T.P. & W. has one of the best transportation ratios (cost to gross revenue) in the U.S.; last year it was 22% v. a 36% national average. T.P. & W. also gets more freight mileage out of its diesels (11,000 miles apiece per month) than almost every other railroad. Once-scornful railroaders have a new description of the Tired, Poor & Weary: "Trim, Peppy & Wealthy...