Word: motoring
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...snip as much as 9? per mile from their 30?-per-mile highway costs. By going piggyback, says the Rail-Trailer Co., which solicits business for the railroads, one New York-Chicago trucker was able to chop his trip costs so much that his profit margin quintupled. Eastern Motor Express, Cooper-Jarrett, Mid-States Freight Lines, Spector Freight System, and Denver Chicago Trucking Co. currently use piggyback for some 10% to 20% of all their long-haul trips. Kansas City's Riss & Co., one of the biggest U.S. truckers, ships 600 trailers weekly by piggyback. As a result...
...trouble, say truckers, is that piggyback's impressive savings may prove their undoing. They fear that while short-run profits may rise, piggybacking leaves the door open for railroads to steal away bigger and bigger chunks of the freight market with their own trailer fleets. Says the Pennsylvania Motor Truck Association, some of whose members look on piggybacking with a jaundiced eye: "Let's say the ABC trucking company operates a fleet of 1,000 power units and 1,500 trailers from the Midwest to the Eastern seaboard. Then the company decides to use piggyback. It disposes...
Into the offices of Detroit's United Foundation, a representative of the Ford Motor Co. brings its share: $550,000. From nearly all of Ford's 87,700 employees in metropolitan Detroit comes another sum: $1,600,000. The telling fact: in 1956, as in 1955, Detroit's big corporations contributed about 31% of the city's United Foundation total of $16,201,540; yet, the employees in Detroit's industries equaled their 1955 percentage (57.6%), despite unemployment in the automotive business...
...America named him the 1956 "Star Farmer of America," and successor to igss's winner, Joe Moore of Tennessee (TIME, Oct. 24. 1955). This week, in celebration, Patrick's Brooks County farmer friends held a giant barbecue for him (6,000 chickens, i.ooo pecan pies). The Ford Motor Co. got into the act, picked up the food tab. gave Patrick one of its new combination pickup truck and passenger cars which the company will start producing for the farm trade next month...
Fifth Day. The Anglo-French Canberras, Venom Mark 45 and Corsairs finished the destruction of the Egyptian air force on the ground, then turned to strafing and bombing Egyptian motor convoys and strategic points which might hinder the landing in the Canal Zone. In frustration, the Egyptians sank seven blockships at various points in the Suez Canal (they can later be dynamited out of the way). Bombers picked out the transmitter of the Cairo radio. (A standby transmitter was back on the air in an hour, however...