Word: freight
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...cheaper to transmit electricity than to ship coal-and when the coal industry itself began to talk of laying coal pipelines* to cut transporting costs, the railroads got busy improving their service. They modernized their equipment, studied the needs of the coal industry, began running fast, "unitized" freights of coal straight from mine to market, thus cutting much of the yard operations and interchanges that account for one-third the cost of all freight-car movements on eastern railroads. The eastern carriers only a month ago passed on their savings by cutting coal freight rates by a third, enabling coal...
...subsidized by the U.S. Government, Matson had to follow suit when subsidized U.S. shipping lines gave in to frequent wage demands to avoid strikes. Result: labor now accounts for half of its operating costs on freighters and even more on passenger liners. High operating costs have also led to freight-rate rises of 48% since 1957, prompting many Hawaiian businessmen to blame Matson for the island's dizzily high prices and to shop for alternate shipping lines. Containing the Cargo. Powell has modernized the line's management and stepped up modernization of its fleet. Matson has converted...
...billion. As a businessman who believes that even a public service should be able to show a profit, Beeching was appalled by what he found. Fully half of the railways' 17,830 route miles accounted for only 4% of the total passenger traffic and only 5% of the freight; half of the 7,000 rail stations produced only 2% of passenger revenues. Beeching hired away executives from such well-run firms as Unilever and Royal Dutch-Shell, surveyed every British firm that spent more than $28,000 a year on freight. The finding: British business was bedeviled by nearly...
...Isle of Wight or north of Inverness in Scotland. Sparing nothing, Beeching even wants to shut down as uneconomical the station that serves the Queen's Balmoral Castle in Scotland. Earmarked for scrapping are 1,200 of Britain's beloved "puffing billy" steam engines, 350,000 freight cars and 7,800 passenger cars. By taking such measures, Beeching hopes to save as much as $412 million annually and eliminate much of the Railways' deficit by 1970. But with Britain already plagued by rising unemployment, there will be labor pains if his ideas are adopted: he wants...
Liner Trains. Like most U.S. railroaders, Beeching also wants to carry more freight and fewer passengers. Hoping to attract more business from industry, he will ask for $280 million to start "Liner Train" service, in which piggyback trains would run between major British cities on frequent, fast schedules. Under Beeching's plan, which Parliament is expected to adopt, the comfortable sound of the puffing billies chugging through the British countryside will become a thing of the past. Beeching is willing to trade it for the rustle of pound notes...