Word: rails
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Dates: during 1950-1959
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DAYLIGHT TIME will be tried out by Pennsylvania Railroad for all its passenger schedules beginning April 28. The first major long-haul rail line to advance its timetables and clocks by one hour, Pennsy will decide later whether to make shift every year for convenience of its customers...
...economy, and has never since got out of it. Today the government mines all of Italy's coal and 80% of her iron ore; it produces more than three-quarters of the nation's pig iron and half its steel, enjoys a monopoly or near monopoly of rail, sea and air transport, and competes with private industry in the manufacture of scores of products ranging from chocolates to Alfa Romeo cars...
...used to make the plant's operation even cheaper. The plant is a big boost to the Cameroons' sluggish economy, now based almost entirely on agriculture. A tax-paying industry that will pour money into the public treasury, Alucam will also give work to 500, increase rail and harbor traffic, further encourage the search for minerals...
...cost of transporting the coal plus full repayment of the investment in 15 years, is expected to be about half the $3.32 a ton it now costs to ship coal to Cleveland by rail. Although the pipe is a possible competitor of the railroads, three of them-the Pennsylvania, New York Central and Nickel Plate-allowed the pipeline to cross their right of ways in return for an option to buy 45% of the pipeline-operating company's stock. If the pipeline proves trouble-free when full-scale operation starts April 7, the industry expects it to be widely...
...rails, the nation's No. 1 rail carrier, Pennsylvania Railroad, steamed in with its best total in three years, a 6% rise to $991 million, but income crept up only 1% to $41.5 million. Helped by higher freight rates, Erie Railroad sales rose 9% to $175 million, while profits were up only $200,000, to $8,100,000. Union Pacific's gross income of $514 million bettered 1955's by $5,000,000, but earnings were off $600,000 to $78.6 million...