Word: railing
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Dates: during 1950-1959
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Beautiful Head. Twenty years ago, Trieste was second only to Genoa among Italian ports; today it is eighth. Trieste's maritime traffic has dropped 25% in the past two years, and rail traffic is less than half the 1957 rate. More than 17,000 Triestini (12% of the labor force) are unemployed, and the number of "disguised unemployed"-their livelihood provided by government make-work projects-is steadily increasing...
...Lakes ore fleet, most of which is idled by the strike, has little more than a month left before the lakes freeze over, may not be able to supply enough iron ore to keep the mills operating until spring. Even if the steel firms decide to use more-costly rail transportation, not enough cars are available to move all the ore they need-and cold weather freezes ore in the cars, makes it more difficult to load and unload...
...expired last week. Preliminary wage sparring has already gone on. The unions pressed for a 36?-an-hour boost, and the industry has counterproposed a 15? wage slash. Despite the wide gulf in wage proposals, however, the big fight will still be over union featherbedding. To eliminate featherbedding, the rail companies asked the rail unions to: ¶ Extend the basic day's mileage pay from 100 miles to 160 miles. The 100-mile rate was established in 1919, when freight trains averaged 12½ m.p.h., passenger trains 20 m.p.h. Today it means that a railroader...
Union leaders challenge the railroads' charge that featherbedding costs $500 million a year, making it impossible for the rails to compete with taxfree, government-built highways, airports and waterways. They also contend that the number of rail workers has declined by 500,000 in the past decade, despite freight traffic increases...
...earnings to 52? per share v. $1.56 per share at the end of June. The Pennsylvania had a $2.3 million loss in September that wiped out its eight months' profit and put the road $449,346 in the red for the first nine months. Other nine-month rail earnings: 1958 1959 New Haven $3,534,080 $7,362,154 (loss) (loss) Erie 5,487,565 5,191,812 (loss) (loss) Union Pacific 2.17 1.87 Oil company earnings for the third quarter were mixed amidst industry reports of overproduction. Big Standard Oil Co. (of California) reported a decline in nine...