Word: freight
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...your issue of March 5 you erroneously state: "Only one U.S. railroad is state-owned: the 115-mile Rutland Railway, which Vermont bought last year to prevent it from dropping its passenger business." Since 1953 no passenger service-only freight-has been performed on this line (other than an occasional excursion...
...specter. Last year Peru's cost of living edged up 11 % -still small by Latin American standards, but considerably higher than the 1963 rate. This year, Belaúnde's budget is set at $1.1 billion, 45% more than his budget in 1964. To help pay the freight, Belaúnde has raised import and mining taxes, tightened collections and cracked down on tax dodgers. The result has been a 60% jump in tax revenues. Yet his budget deficit is projected at $80 million this year-up 10% from 1964-and brings dour predictions of sharper inflation...
...January dip in automobile production, down 26% from a year ago. Textile production has fallen 10%, forcing many small firms into merger or bankruptcy. There have been other serious declines, ranging from 5% in metal products to 16% in construction materials. Exports are 8% below their 1964 levels, railway freight tonnage has decreased more than 5%, and the newspaper Le Monde estimates that a million Frenchmen have had their purchasing power reduced by dismissals or short work weeks...
...Commerce Secretary Connor estimated that 191,000 workers were idled by the strike: not only the 60,000 striking longshoremen, but 38,000 seamen and other maritime workers, 45,000 railroadmen, 48,000 truckers. With 855 ships tied up, U.S. ocean shippers were deprived of 161 million tons of freight. The nation's strangled lines of trade also cost highway carriers 9,000,000 tons of business, railways 7,000,000 tons, and inland waterways 500,000. With exports off by $60 million a day and imports off by $40 million, every day of the strike wiped...
Effects of the strike will linger for weeks. When the I.L.A. struck for 34 days two years ago, it took a month to clear up the log jam of freight in New York. This time, said port officials, the pile-up is so much bigger-dozens of ships, unable to find berth space, have been anchored in the harbor-that eight weeks may be required to clear it away...