Word: shippers
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...again appeared on the list of proposed chairmen, Democrats and Progressives in the Senate roared that Cummins was the enemy of the farmer and the worker. He had sponsored the controversial Esch-Cummins law which provided for high railroad freight rates, a law that was oppressive to the small shipper. His opponents charged that Cummins was the ally of the gilded railroaders, and the farmer's foe. They maintained that Cummins' reappointment to the chair of the Interstate Commerce Commission would give him a stranglehold on the farmer. After better than thirty ballots, the adversaries succeeded in replacing Cummins with...
...million Grace & Co., the No. 1 trader, banker, shipper, manufacturer and planter of South America's west coast, has itself invested $130 million in the U.S. petrochemical industry (TIME, Sept. 15, 1952). Grace explains that the company hopes to expand its chemical production into a hemisphere-wide operation. Meanwhile, Grace continues to pour into Latin American projects new investments that are expected to total $50 million...
With a sweep of a pen, American President Lines, biggest West Coast shipper, contracted with the U.S. Maritime Board last week for the complete replacement of a merchant fleet. Over the next ten years American President will retire all its 19 ships, including the 981-passenger President Cleveland, and its sistership the President Wilson, replace them with 18 to 20 new ships. Total cost of the program: $225 million, of which the U.S. Government will pay $90 million, American President Lines the balance...
...biggest deal ever signed by a U.S. shipper, and Federal Maritime Administrator Louis S. Rothschild hopes that it will be a pattern for other U.S. lines, and a big step towards leveling out the feast-or-famine conditions that have plagued American shipbuilders...
...SHIPPER ARISTOTLE ONASSIS is in for more stormy weather. The U.S. Government is moving to repossess the 16 surplus tankers that Onassis bought from the U.S. and is suing for $20 million that it charges he made illegally on the deal...