Word: freight
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TRANSPORTATION. Increased freight traffic sent the Great Northern's first-quarter net leaping from $168,000 in 1961 to $1,900,000 this year, and enabled the sprawling Pennsylvania to cut its deficit to $1,400,000 from 1961's $13 million...
...time, Donald Lamont Jack, 38, has served in the Royal Air Force, worked as a salesman, freight checker, surveyor, typist, packer in a department store, and a music critic, studied art and the theater, flopped as an actor and written with only modest success for the theater, movies and TV. Donald Lamont Jack can now stop groping around for an occupation: he is a talented comic novelist...
...longer hold their old, arrogant monopoly over the nation's transport. Recognizing this, the President's program would help the hard-pressed railroads most of all, and do some damage to their less heavily regulated competitors-notably the barge lines and truckers. Kennedy's key proposals: FREIGHT RATES. The ICC could no longer set minimum rates, only maximum rates. At present, the commission firmly fixes all railroad freight rates, while allowing truckers to set their own rates for farm goods and permitting barge operators to charge what they want for bulk commodities such as grain...
...smooth diplomat, he wangled permission from governmental commissions to slash money-losing passenger services, bought new equipment and attracted high-rate freight. Within a year, the Western Pacific was solidly in the black, and it has been profitable since then. Just last month Whitman reported that W.P. profits in 1961 rose...
...union members spent so much time sniping at each other that the report had to be written almost entirely by five nonindustry members, led by peppery Manhattan Lawyer Simon H. Rifkind. The report hit hard at the rail unions by recommending the gradual elimination of over 40,000 freight-and yard-engine firemen-survivors of the era of steam locomotives who, at union insistence, still ride diesel engines. (Rifkind & Co. conceded, however, that firemen still provide a necessary margin of safety in the engines of highspeed passenger trains.) The commission urged that the railroads pay dismissed firemen...