Word: freights
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Dates: during 1970-1979
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...three years Ackerman has worked in the Wallace Shipyards, helping build his 97-ft.-long schooner. Her hold can accommodate 150 tons of freight and haul it cheaply and cleanly along the New England coast, or south to Haiti, into the Caribbean, and back. As recently as the early 1900s, schooners carried most of New England's southbound ice, fish, lumber and granite, returning with molasses and coal. But not for 40 years has such a commercial vessel been built, and Ackerman intends to turn a profit with this one. "It better," he proclaims, "and it will." Like...
...jumped from 7,000 to 12,000 since 1976 because of increased traffic on the Burlington Northern. All across the country, railroads would need to upgrade their aging roadbeds, at a cost of as much as $10 billion, to handle the huge new volumes of coal and other freight. The entire construction effort, says Economist Alan Greenspan, would be rather like building a new Saudi Arabia in the middle...
...truckers made several demands of the Carter Administration. First they wanted an increase in freight rates. The Interstate Commerce Commission permitted a 6% rate hike, but that was not enough, the truckers complained, to cover the boost in fuel costs since the beginning of the year. The independents insisted on an increase in their share of the diesel fuel that is allocated by the Department of Energy. The Government responded by lifting the regulation that allowed farmers to get all the diesel oil they needed. The Administration hopes that the change will allow the truckers to get more fuel without...
Trying to quiet the striking truckers, President Carter met with Senator Edward Kennedy last week at the White House to announce their joint sponsorship of a sweeping new plan to deregulate the trucking industry. The Government would stop regulating rates, freight and entry requirements, steps that the Administration estimates would save the public $5 billion a year in shipping costs. In a report sent to Congress, Carter attacked the present system, which puts the independents at a competitive disadvantage. "Collective rate making, commonly known as price fixing, is normally a felony," he wrote. "But the trucking industry has enjoyed...
...former trucker who started organizing the independents almost a decade ago. His monthly magazine, Overdrive (circ. 51,000), is the main trade publication of the independents. Parkhurst freely admits that one of the goals of the present strike is to weaken the Teamsters. He wants the independents to carry freight at the same rate as the Teamsters, clearly a challenge to the monopoly that has benefited the nation's biggest union for so long...