Word: rail
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Dates: during 1960-1969
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...Poor & Co., maker of rail-maintenance and other heavy-duty equipment, looked rich during the first half of 1966, with a profit rise of 20% on sales of $20 million. Now Poor has lost the man most credited with its gains. President Frederick A. Fielder, 53, announced that he is leaving Poor to take over the presidency of CF&I Steel. He will be replaced by John S. Newton, 57, who was recruited from his position as Goodman Division, Westinghouse Air Brake Co. vice president. Fielder is not saying how he plans to help CF&I recover from its slumping...
...entire expansion program must will be approved by the MBTA's Advise Board -- representatives from all the communities that are served by the bus and rail facilities of the MBTA...
...Jones average of 847.38, a new low for the year, and down 148 points, or 15%, from Feb. 9's peak of 995.15. The Big Board's new flattened-out index (TIME, July 22) slipped one point to 45.29, or 2%. The Dow-Jones rail average also hit a 1966 low of 220.26, a fact that immediately led some pessimists to recall a Wall Street adage to the effect that when industrials and rails establish new lows in tandem, it is a sure sign of a bear market...
...preview of the kind of service to come, a self-propelled Central car, fitted with a streamlined snout and topped with a pair of Air Force surplus jet engines, last week whined through the flat farm country between Butler, Ind., and Stryker, Ohio, at a U.S. rail record of 184 m.p.h. The test indicated that with existing technology and only minor changes in roadbeds, U.S. passenger trains can easily reach the 125-m.p.h. speed at which experts say railroads can profitably compete with airlines for the short-haul passenger trade. Said Perlman, 63, who acted as "copilot...
Egypt has so many civil servants that U.S. consultants have recommended firing 60% of them in order to relieve the bureaucratic jam. Egypt's poorly maintained air, rail and road transport systems are in a sorry state. Such basics as rice, matches and meat are scarce. The cotton crop, afflicted by a bollworm plague this year, is in hock to Soviet-bloc countries to pay for the delivery of factories, which the Egyptians manage inefficiently. In fact, there is only one thing that really works in Egypt-the Suez Canal. Because its foreign-exchange earnings are vital, the canal...