Word: freights
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Dates: during 1950-1959
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...Nassau County Transit Commission charged that the Pennsylvania Railroad had milked the Long Island financially for years before allowing it to go into bankruptcy. It was primarily a passenger road with only a minor percentage of the freight business which swelled the coffers of other rail lines. Its equipment was junky and the morale of its 7,500 employees was as low as that of its passengers...
...Within this vast single market, customs duties for coal & steel will be abolished. So will differential freight charges (i.e., cheaper rates for export over domestic markets). Inefficient mines and mills will be closed. This will apply particularly to Belgium, where a protective tariff has kept alive a number of sub-par enterprises. Within five years Belgian coal production will decline from 28 million to 23 million tons; owners of doomed mines will be compensated from an "equalization fund" contributed mainly by France and Germany; and the Belgian coal price, now 55% higher than the German, will fall to the single...
...five-year trusteeship drawing to a close at year's end, Chairman Crowley had good news for the home folks. The Milwaukee, he reported, was virtually a new railroad. In five years it has laid out $111.9 million for spanking new equipment: 159 diesel locomotives, 15,661 freight cars, 253 passenger cars-including the equipment of its streamlined, glass-domed crack limiteds, the Hiawathas...
Dreamer with a Penny. Boyd gambled everything on getting the television rights to the Hopalong Cassidy pictures, although television was only a vague dream when he began and some of his critics thought he might just as well have been buying up freight space on the first rocket to the moon. He sold his ranch, mortgaged his automobile, moved into a little four-room bungalow in the Hollywood hills (where he still lives), sank every nickel he could beg, borrow or earn into his vast and complicated project. It took almost $350,000 in all, involved years of haggling...
From the days of the Revolution, the Communists have made shift with old rail equipment, putting their limited steel into other kinds of capital goods. But Russia made or acquired in Europe nearly 150,000 new freight cars in the last five years, now has about 850,000. Many of Russia's passenger coaches and more than half its locomotives were built before World War I. Most of the rail networks are still single track. About half the rail mileage was destroyed or badly damaged in World War II. Since the war most of the damage has been repaired...