Word: truck
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Dates: during 1950-1959
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...retort. Crushed to small pieces, the rock is rammed upward in the six-story-high retort by a huge piston, meeting a stream of fire-fed gases that distill out shale oil at a rate of about 30 gal. per ton of rock. The raw oil is carried by truck to Union's Brea, Calif, plant...
...Fruehauf, wealthy truck-trailer manufacturer, who was offered a $1,500,0001oan from Teamster funds by Beck when a proxy battle threatened his company. Fruehauf showed appreciation by arranging a complicated $200,000 personal loan for Beck when the Teamster boss was being investigated by Internal Revenue agents. But Fruehauf drew the line at making a company loan because "I didn't think it was good business...
...Truck Driver Hooper lowered a rope, but Benny was not strong enough to hold on with one hand. Hooper hurried indoors to call police and the Manorville Fire Department. At the nearby Riverhead telephone exchange, the switchboard buzzed with a sudden burst of emergency calls. For 20 minutes Operator Borghild ("Betty") Hooper was kept busy handling them before it dawned on her that rescue workers were being directed to her home...
Then the bed of the trailer reared slowly upward like the body of a dump truck, carrying the X-13 to a vertical position. It was now hanging by an undernose hook from a short length of cable strung between two movable arms at the top of the vertical trailer bed. Its engine roared louder, and slowly the Vertijet rose, standing on an invisible column of hot racing gases. Its hook now free from the cable, it rose higher. Then it curved gracefully into normal, horizontal flying position and roared away out of sight...
...reason why leasing can be more profitable is that it frees working capital to bring in more earnings. Pennsylvania's Anchor Sanitary Co., for example, found it could make more money by leasing its delivery fleet and using the cash, which it formerly tied up in truck ownership, to buy inventory (plumbing supplies). The bigger inventory turned over seven times yearly and brought a 35% return. Anchor Sanitary paid out about one-seventh of these new profits to lease forklift trucks, salesmen's cars, even office equipment...