Word: freight
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...fault is not with the two railroads themselves. Having negotiated for nine years before they finally reached agreement, the Pennsy and Central knew what they wanted to do. Yards and lines were to be gradually integrated, freight schedules speeded up, and the work force gradually trimmed by 5,000 a year through death or retirement. On the basis of what they expected to save by merging, the two estimated that they were losing $225,000 a day because of the delay. Meanwhile, 3,100 workers have been furloughed, and planning is snarled because neither road wants to lay out money...
...workhorse of U.S. aviation. The "Tin Goose" was shaped like a slightly rhomboid crackerbox, sheathed in corrugated aluminum and equipped with engines slung under each wing and planted on its nose. It flew for every budding U.S. airline, for the Army, the Navy, the Marines. It hauled passengers and freight, landed on wheels, pontoons and skis. Nearly 200 Ford Tri-Motors were built between 1925 and 1932. Astonishingly, some 28 of these chicle, cattle, piping-and people-ferrying air craft are still flying between remote points round the globe...
Even that estimate may be too conservative. For the first ten months of 1966, American's freight business, which features the company's "Astroloader," increased 40% over the same period last year. Despite this summer's 43-day machinists' strike, United's traffic is up by 41% . Pan Am, the leading cargo carrier, expects to beat its own 1965 record by 30% this year...
Much of the thrust has come from the airlines' aggressive selling of what Delta Executive Vice President Thomas Miller calls "the total-distribution-by-air concept." Because of cheaper insurance, lighter crating, fewer warehouse charges and, most important, jet-quick delivery, air freight is often less costly than water, rail or road transport-even though air rates are considerably higher. Using air shipment for most of its electronics products, increasingly diversified Raytheon has cut delivery time from ten to twelve days to 48 to 72 hours-and therefore is selling off its field warehouses in the bargain. Sears...
...When the next generation of cargo planes begin arriving in 1970-including the Boeing 747, which will haul 2½ times the 45-ton capacity of the 707 freighter-passenger operations may well take the back seat. "Within eight years," says American's Chairman C. R. Smith, "our freight volume will exceed our passenger traffic...