Word: freights
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Dates: during 1970-1979
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...Last week Ryder and a consortium of Miami warehousemen began operating a storage-control system that keeps track of thousands of in-and-out movements of goods for hundreds of clients and is expected to cut the high loss rate common in warehouses. Like many other leaders in the freight industry, Ryder is convinced that shippers should be able to own "intermodal systems" that could provide air, ground and water transportation for customers under a single bill of lading. "Today, the company that originates a shipment is careful about it," he says. "The others don't care what happens...
...whet investors' appetites, the government will probably sell off entirely two of its most attractive holdings: Thomas Cook & Son, which last year earned $2,900,000, and Pickfords, a healthy freight forwarder. Profitable sidelines of the major nationalized firms would come next. Indeed, the government is due to begin talks with British Steel this month. One plan suggested by a few hard-lining Tories is to strip the company of its three most promising divisions-chemicals, special steels and construction engineering-and leave it with three less profitable branches. Pessimists in Harold Wilson's Labor Party are already...
...passenger Santa Rosa and Santa Paula will sail out of New York harbor on their final Caribbean cruises in January, bringing to an even dozen the number of American luxury ships retired over the past three years. Like most former passenger lines, Prudential-Grace will concentrate on freight. Said President Spyros S. Skouras Jr., who merged his Prudential Lines with the Grace Line fleet last December: "It's the foreign-flag cruise ships-they beat us every time...
...flag is disappearing from Atlantic liners, it lingers on in the Pacific. Four American ships still cruise from San Francisco and Los Angeles to southwest Pacific islands. Alaska and Mexico, but Matson Navigation Co. is unloading its two passenger ships on another line and going full steam into freight. The Government senses that the era of luxury liners is over: the Merchant Marine Act of 1970 finances the construction of 300 new merchant ships in the next decade, but does not even mention the passenger business...
...report, promoting non-tobacco lines and acquiring new companies. Tobacco firms are speeding up their diversification. Last week Reynolds agreed to buy U.S. Lines, the shipping company, for $65 million. Reynolds, which now gets more than one-third of its sales from non-tobacco sources, has also expanded into freight transportation and foodChun King, Hawaiian Punch, My-T-Fine desserts. A few weeks ago, American Brands, formerly American Tobacco Co., agreed to buy Andrew Jergens, the hand-lotion and cosmetics manufacturer. American also owns or controls James Beam distillers, Duffy-Mott foods and Swingline, a maker of stapling...