Word: freight
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...group favor consolidation. They say in effect: " Let us put all the geese into half a dozen large goosepens. Then those less inclined to lay will emulate those more inclined to lay, and we shall have eggs." Radicals, such as Senator La Follette, favor drastic cuts in freight rates, saying: " The geese are suffering from a plethora. A little dieting will restore their egg-laying qualities." Railroad Labor is for outright cooking of the geese in the oven of Government ownership. The heads of the railways rise to hiss at all of these. " Out upon you," they cry, " the geese...
...With freight car loadings still at record levels, almost all eastern roads are showing very encouraging earnings. The B. & 0. in September gained $6,643,104 over the same month last year in net operating income, which for the first nine months of 1923 has averaged 16.4% on the common stock...
...coal freight rates, railroad officials declared that there is no discrimination in favor of export coal to Canada, that the rate per mile is the same to cities within this country and to Canada...
...freight movement this Fall has been the heaviest in the history of the country. For 16 consecutive weeks car loadings have exceeded 1,000,000 cars, yet since last June there has been a surplus of cars in good condition averaging over 50,000 cars...
This unexpectedly successful handling of unprecedented freight has been possible owing to new purchases of equipment, and more adequate repair work. On Jan. 1, 24.1% of total locomotives awaited repairs, while on Oct. 1 this had been reduced to 15.3%. Similarly 9.5% of freight cars awaited repairs on Jan. 1, compared with 6.7% on Oct. 1. During the same nine months 134,636 new freight cars and 2,963 new locomotives; on Oct. 1, 64,601 new freight cars and 1,242 new locomotives were still on order...