Word: truckers
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...rough and tumble competition of the trucking industry, Trucker Richard R. Riss knows that strong companies tend to get stronger and weak ones to die. Says he: "We've got to keep getting stronger." Trucker Riss is already pretty strong. His Riss & Co., Inc. is one of the world's longest trucking lines (37,000 miles of routes between Denver and the East Coast), the best moneymaker in the business (1953 net before taxes: $2,882,919), and the fifth largest in terms of total operating revenues ($29,114,678). Last week Riss made his bid to become...
...Francisco last week, another big trucker was growing bigger. With ICC approval, Pacific Intermountain Express, whose $22 million volume in 1953 made it the West Coast's biggest trucker (ninth in the nation), wound up a deal to combine forces with Los Angeles' $18 million West Coast Fast Freight, Inc. Pacific Intermountain, which has just ordered $4,000,000 worth of new equipment, will pay Fast Freight's owners $3,270,000 and 60,000 shares of Pacific Intermountain stock, will then have a combined fleet of 2,642 tractors and trailers serving 25,000 Western...
...truckers will benefit in several ways. Their insurance and labor costs will go down, since the driver will not be needed on the long railroad hauls, and they will not be hampered by loading laws that differ from state to state. A trucker now operating over the roads between New York and Chicago, for example, must underload his trailer in order to meet the requirements of Pennsylvania and Ohio. Shippers may also profit by lower rates. The cost of shipping by piggyback is estimated at 20? per trailer mile v. about 24? over the road. Furthermore, piggybacking combines the advantages...
...openly as Songwriters Vincent Bryan and Gus Edwards once publicized the Oldsmobile.* The design for a special commemorative stamp, planned to memorialize the 50th anniversary of the U.S. trucking industry, turned out to feature the modified but unmistakable outlines of a Reo truck, 1949 model, driven by a smiling trucker...
...Dana L. Fuller Jr., 26, a California trucker, whose supercharged red and yellow diesel went to 168.98 m.p.h. for one kilometer, 199.32 m.p.h. over the mile...