Word: railcars
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...home was introduced in 1908 by Sears Roebuck, with the parts shipped by railcar. Price: $1,500 to $1,800 for the popular bungalow style. "An ideal cottage for a summer home," proclaimed the catalog copy. Since then generations of architects have taken a crack at improving on the kit concept. Among the most recent are Douglas Gauthier and Jeremy Edmiston of SYSTEMarchitects in New York City. Their take is called the Parish House, and a century after Sears, they used computer design and manufacturing. The result: a three-bedroom, two-bath, 1,000-sq.-ft. bungalow that costs...
...rail spur--financed by taxpayers and Omya--to connect the company's processing plant in Florence with its biggest quarry, in nearby Middlebury. Though the proposed mine in Danby would add trucks to the road, the Middlebury spur would take many more off, about four for every operating railcar...
...whereas Ventro sold laboratory chemicals in beaker quantities, ChemConnect focused on industrial chemicals sold by the railcar--a market in which there are fewer transactions but much more money involved. "I've spoken to suppliers who had a corporate edict that they were not going to participate in this type of auction because it would only drive prices down," says Michele Hincks, ChemConnect's marketing vice president. "They regretted it because they lost a market...
DIED. ROD MILBURN, 47, genial 1972 Olympic gold medalist who won the 110-m hurdles at Munich; from falling into a railcar full of caustic chemicals while on the job; in Baton Rouge...
...most daunting news was that the company would report a loss of $310 million for 1994, stemming in large part from its troubled railcar business. That was nearly twice the deficit that Morrison Knudsen acknowledged as recently as February. To make matters worse, the firm remained in technical default on $225 million in loans from Bank of America, J.P. Morgan and other lenders. "We are beginning to seriously doubt the company's viability," says analyst Tobias Levkovich, who follows the firm for Smith Barney...