Word: transcanada
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Dates: during 1949-1949
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...imposing example of government-operated business had become too big for that. Since C.N.R. was formed in 1923 out of the ruins of five separate lines, it has grown into a $2.4 billion empire which operates 24,178 miles of main track, twelve hotels, three steamship lines, an airline (TransCanada) and a nationwide telegraph service. It has become Canada's biggest employer (some 111,000). In recent years, C.N.R. has earned money on its operations, but, except for the war years, has seldom shown a net profit. Last year's earnings ($26.5 million) were not enough to meet...