Word: transport
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Dates: during 1930-1939
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...reporting the sale of Ludington Air Lines (New York-Philadelphia-Washington), to Eastern Air Transport for $250.000, TIME said: "Ludington set a new low for fares, a new high for economy of operation," added that Ludington had performed a feat unusual for an air transport line by managing to profit without an airmail subsidy the first year of its operation (1930-31). TIME erred in reporting that Ludington's $1,000,000 capitalization had been fully subscribed by the Brothers Ludington...
...about four years blind flying, now called instrument flying, has been a commonplace of U. S. air transport. Day after day planes ride the waves of radio beacons, staying unerringly on course when the pilot can see nothing beyond the cockpit window. But the radio beacon can guide a plane only to a point above its destination. If the airport is hidden by fog or sleet, the plane may crash. Hence the Government still forbids a passenger plane to fly into an airport where the ceiling is under...
Even in these days of abject pessimism at least one business organization is finding conditions much less adverse than supposed. The Cycle Trades of America, a trust more in keeping with muttonleg sleeves than air transport lines, has announced that the bicycle is coming back. If a thirty percent increase in bicycle sales over 1928 is any criterion, we shall soon be discarding our Fords, if any, in favor of the more economical two-wheeler. Wellesley has already grappled with the problem of four hundred careless cyclists--women drivers are as dangerous on two as on four wheels and Princeton...
Three months later Ludington began to slip. It was getting stiff competition from the mail-subsidized Eastern Air Transport, which had begun a passenger service over the same route. A reorganization shook out Vice Presidents Vidal and Paul Collins, who had built the line with the Ludingtons' backing; shook in as president James M. Eaton, formerly of Pan American...
North American & G. M. A Ludington motive for selling out was fear that Pennsylvania Railroad might withdraw its support. Reason: Pennsylvania has an interest in Transcontinental Air Transport (air-&-rail) which, by a merger now pending, may become closely connected with...