Word: freights
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Dates: during 1990-1999
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...than Cyanamid's recent trading price, which made its shareholders the envy of Wall Street. Moreover, the staggering bid arrived while investors were still humming with reports that the Norfolk Southern railroad was in talks to acquire Conrail, once a sickly ward of the government but now a healthy freight hauler, in a deal that would create the second largest U.S. rail carrier...
...announced last month, would create the largest U.S. railroad. The force behind such consolidations is the growing strength of a railroad industry that for years watched truckers drive off with its business. The railroads have cut their payrolls nearly one-quarter since 1987, which helped lower costs and reduce freight charges. The resulting surge in business has boosted their profits. "These mergers are the railroads' way of saying that the enemy is not really one another," says James Higgins, who watches the industry for Brown Brothers Harriman. "The enemy is the highway and the truckers...
...protected propeller that did not easily foul in the shallows. Show us, said the Navy. Higgins took over an entire block of New Orleans' Polyminia Street, set up floodlights, put machines and people to work around the clock. Fourteen days later, with the last paint applied as the freight flatcars clacked east, nine Higgins boats rolled into Norfolk, Virginia. The Navy would use 20,094 of the homely floaters before the war ended...
...packed New York-to-Florida Amtrak passenger train derailed in North Carolina, apparently after crashing into a cargo container jutting out from a passing northbound freight train. The engineer was killed and hundreds were injured, most slightly...
...computer networks may be no more ready than the TV networks to handle the freight of the information superhighway. Today's personal computers are too low-powered -- and the modems that connect them to the phone lines too slow -- to transmit and process video signals in real time, as they are broadcast. Even if everybody were to replace their PCs with the new, more powerful models coming into the market, someone would still have to build an electronic highway fast and wide enough to carry the traffic...