Word: piggybackers
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...Piggyback" Discount. At the big midtown newsstands, dealers are returning twice as many unsold papers as usual, and sales are off 12.5%. The fat Times is faring best, say the dealers, with a dropoff of only 5%-not bad considering the fact that it has doubled its newsstand price to 10?. As for the Herald Tribune, which also hiked its price by a nickel, circulation is off-but just how much will not be known until the Audit Bureau of Circulation releases its next official, semiannual report sometime after Sept. 30. "It has held up better than we anticipated," says...
Liner Trains. Like most U.S. railroaders, Beeching also wants to carry more freight and fewer passengers. Hoping to attract more business from industry, he will ask for $280 million to start "Liner Train" service, in which piggyback trains would run between major British cities on frequent, fast schedules. Under Beeching's plan, which Parliament is expected to adopt, the comfortable sound of the puffing billies chugging through the British countryside will become a thing of the past. Beeching is willing to trade it for the rustle of pound notes...
...Piggyback by Sea. Some shipowners argue pessimistically that nothing can save the coastwise fleet from extinction; others, insisting that it must be saved for reasons of national defense, advocate direct Government subsidies. But more than half the U.S. ships in overseas trade are already on subsidy to the tune of $300 million to keep them competitive with low-wage foreign flag vessels, and that has not prevented a steady decline in the fleet-from 933 to 542 in ten years...
...distinct trend in the industry is toward ever bigger long-distance haulers; 20-ton giants and 42-wheel monsters are already at work. Yet, paradoxically, the days of the continent-spanning truckers may be running out because railroads are fighting back so successfully with their long-distance piggyback service, which last year took 500,000 highway trips away from trucks. The piggyback threat worries truck builders, but they see a bright side of it: there will always have to be truck tractors to deliver the trailers before and after their piggyback...
With $232 million in loans from the C. & O. and its bankers, the B. & O. plans over the next five years to repair 9,000 old freight cars, buy 18,000 new ones, enlarge tunnels that are now too small to accommodate profitable piggyback traffic, improve its yards, and buy additional automated rail controls. Though the two roads plan to keep separate their rates, routes and sales forces, they will consolidate ticket offices and terminals in cities from Chicago to Washington. Best estimate of able B. & O. President Jervis Langdon, 57, is that all this will save...