Word: freight-car
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...Carney Show (NBC, 8:30-9:30 p.m.). The versatile Carney is now a railroad employee ferrying freight-car barges (and strange cargo) across the Hudson River, in a script suggested by a Wolcott Gibbs short story. Color...
First to be warmed was the railroad industry. Freight-car loadings jumped 14% for the week to 638,408 cars, the largest traffic since the 697,633 cars loaded in the last week of June. Even the steel industry's biggest and hardest-hit customer, the auto industry, began to thaw. General Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors...
Even as the steel strike forced layoffs in many industries (see below), other sectors of the U.S. economy last week were girding for a fourth-quarter surge after the strike ends. Railroad freight-car loadings rose to their highest point since the beginning of the strike and 20.3% above the previous week, reflecting increased coal shipments to steel-producing centers in anticipation of the strike...
...FREIGHT-CAR SHORTAGE is expected because "bad order ratio" (number of cars out of service because of a need for repairs), has risen above safe level of 5% to 8.6% national average. In some areas, such as the Allegheny region (which includes the Pennsylvania and B. & O. roads), the average...
...about refinery stocks of 437 million bbl., one of the highest early winter supplies in history, chopped back production 5%. Appliances, autos, machine tools all felt a slowdown. Private housing starts dropped 10% to less than 1,000,000 new houses, for the first time since 1947. And as freight-car loadings fell 16% at year's end, railroads were in such a fever to cut rising costs and bolster sagging profits that the Pennsylvania and the New York Central, giants of the industry, talked longingly of merger...