Word: cabs
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...truck caravan rumbled out of Massachusetts with freight for a Pacific convoy, despite a Midwest blizzard made the transcontinental run in eight days.) Trucks move heavy tonnage of foodstuffs and supplies to Army camps; make hour-by-hour deliveries of parts from subcontractors to prime producers. Tractors (engine and cab units) now work around the clock seven days a week, shuttling trailers better than 400 ton-miles a day. Big haul-away units that once delivered a million automobiles yearly are being refitted to handle ambulances and army-type vehicles...
...CAB itself cannot collect, but the ruling cleared the way for a Post Office suit...
...Civil Aeronautics Board's decision on American's mail subsidies was much tougher than anyone expected. Ever since CAB started its investigation in the tail end of 1939, dopesters had figured the company might have to return $1-2,000,000 to the Government. But CAB bypassed such estimates, ruled instead that American had received $3,815,856 "excessive" mail pay in the two years ended Nov. 30, 1941, should return all of it (with allowance for $1,100,000 Federal taxes paid).* It further ruled that, beginning April 1, American will get mail pay of only...
...rates, CAB announced, will net American 9.86% on its investment. But Wall Streeters grabbed telephones, told customers the new rates would cut American's profits up to 50%. The stock nose-dived 4½ points to 32½, a three-year...
This week American Airlines pointed out that total net income from all sources between May 13, 1934 (the day it started flying) and Nov. 30, 1941 was $3,993,272 -only $177,416 more than the "excessive" mail pay charged by CAB. Snapped the airline: "The rates ordered by CAB are . . . unfair, unreasonable and unjust . . . [they] stifle opportunity . . .penalize initiative and enterprise...