Word: rails
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Dates: during 1950-1959
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Most railroad spaces are taken, although one can fight the crowds for unreserved coach seats. Several travel plans have been developed to lower rail-road rates by acquiring tickets on a "mass basis," but even these are filled...
...bitter family feud. Former President Charles H. Morse Sr. sold 15,000 shares to Silberstein, has given him an option to buy 27,220 more shares at the market price. Last week Morse's son, Charles Jr., resigned as the company's chief salesman to rail companies from Chicago to the West Coast, blaming his exit on "the substantial curtailment of our research and development program, particularly in diesel engines." Fairbanks, Morse stockholders also are restive, because in the last five years earnings slumped 41% to last year's figure of $2,700,000, although sales advanced...
...trips of 500 miles or more. Drivers' wages (as high as $175 a week), highway taxes and equipment costs are so steep that some truckers are thus able to snip as much as 9? per mile from their 30?-per-mile highway costs. By going piggyback, says the Rail-Trailer Co., which solicits business for the railroads, one New York-Chicago trucker was able to chop his trip costs so much that his profit margin quintupled. Eastern Motor Express, Cooper-Jarrett, Mid-States Freight Lines, Spector Freight System, and Denver Chicago Trucking Co. currently use piggyback for some...
...delay in delivery of the magazine to readers. P&D had lined up additional presses at our Chicago, Philadelphia and Los Angeles plants, to boost production to a twice-normal total of 149,000 copies an hour. Its traffic men plotted split-second schedules of distribution by truck, rail, all available regular airline service, and ten chartered planes. Across the U.S. our own circulation men, including TIME Circulation Director Bernhard M. Auer and Newsstand Managers Mark Slater and W. Stuart Powers, and 100 Select Magazines, Inc. distributors stood by to speed deliveries...
...iron riches lay virtually untouched until 1950. when a Bethlehem Steel Corp. subsidiary began mining El Pao. The ore traveled by rail to the Orinoco, then by shallow-draft vessel to deep-water Puerto de Hierro (Iron Port). In early 1954, a U.S. Steel Corp. subsidiary, Orinoco Mining Co., sent its first load of Cerro Bolivar ore down the river. Orinoco Mining has spent $230 million on its Cerro Bolivar mine and the installations that go with it: a trim little company town near the base of the mountain; a river port (Puerto Ordaz); 90 miles of railroad...