Word: freights
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Dates: during 1970-1979
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...rest of the world. Few nations can match Japan's prices?not because of cheap labor, which is no longer all that cheap, but because of efficient production and shipping techniques. Incredibly, the Japanese can deliver finished pipeline to Alaska at a total cost that is less than the freight charges alone from Pittsburgh's steel mills. Small wonder that since 1955 Japan's share of world trade has tripled, to 7%, while the U.S. share has declined a few points, to 18%; some economists predict that by 1980 each country will command an identical 15% slice of the market...
Uncertain Future. Last week, as Denny the Dupe played hide-and-seek with creditors who are trying to evict him from his suburban Detroit home for nonpayment of seven months' rent, his future in baseball was uncertain. With interests in a paint company, an air freight service and a television-store franchise, he claims a yearly income of $200,000; included is his $90,000 Tiger salary, the checks for which are being sent to a Detroit bank to pay off an outstanding loan...
...tours are a first step toward Alaska Airlines' long-sought goal of regularly scheduled flights to the Soviet Union. The airline now flies only within Alaska and between Seattle and Anchorage. On the strength of tourism and a brisk air-freight business to the North Slope oil wells, Alaska Airlines earned $554,000 on operating revenues of $36.6 million in the first eleven months of last year, compared with a loss of $4.3 million in the equivalent period of 1968. Now that it is due to become an international carrier in a small way, its hopes for future growth...
Merger Confusion. The railway men have no shortage of excuses. For years, the rising losses on passengers were partly offset by profits from freight. But the freight business was hit hard by the merger two years ago between the Pennsylvania and the New York Central. The two railroads had separate freight yards in many cities, and in the post-merger confusion thousands of cars went to the wrong yards, causing costly tangles. The merger was also accompanied by the abrasive sound of personalities grating on each other; the scramble for a declining number of management jobs is not yet over...
...spring Congress is likely to pass legislation to raise nearly $1.8 billion a year in new revenues. The ticket tax on domestic flights will rise from 5% to 8%, and there will be a new "head tax" of $3 on passengers flying overseas and a 2% tax on air freight. The money will be used to improve airways by adding new navigation and communications aids; airports will also be improved...