Word: acf
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...several hours in Manhattan last week, the presidents of the four biggest eastern railroads met with the train builders of ACF Industries to discuss a radical train. The roads: New York Central, New York, New Haven & Hartford, Baltimore & Ohio and the Pennsylvania. The train the railroaders had in mind was similar to ACF's swift "Talgo" express, which has been running for four years on Spanish railroads (TIME, April...
...third as much as current trains, requires only 40% as much fuel for the same speed, can be built at an estimated $1,300 a seat, v. $2,300 for present cars. The Midwest's Rock Island Railroad has already ordered one of the new trains from ACF for Christmas 1955 delivery...
FIRST LIGHTWEIGHT TRAIN has been ordered by the Rock Island Lines for its 161-mile Chicago-Peoria run. The four-car train, to be made by ACF Industries, builders of Spain's aluminum "Talgo" (TIME, April 18, 1949), will be about one-half the weight per passenger of current trains, could carry 300 passengers up to 110 m.p.h. It is scheduled to be in service by Christmas...
...full of strange animals like the hippogriff, a beast that is half horse and half griffin.* Last week came word of a proposed merger which would create a real-life business hybrid-part cow and part bus. The companies concerned, whose directors have already approved a stock swap, are ACF-Brill Motors Co., maker of buses and trackless trolleys, and Foremost Dairies, Inc., seller of milk, ice cream and other dairy products in the South and (through foreign subsidiaries) the Far East. For ACF-Brill, which just turned the profit corner last year, after three years of losses (TIME, April...
Past acquisitions by Reinhold have all made sense. But why did he want a bus company? One reason, said he, is that ACF-Brill may be valuable in "developing equipment for the transportation and refrigeration of dairy products." Another is that when current defense contracts are worked off, ACF-Brill will have upwards of $10 million in working capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over...