Word: railroads
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...grain on the farm, but a shortage in the market. This drives up grain prices, which has a direct bearing on livestock feed-lot operators and eventually on consumers." Other commodities are being similarly afflicted; for instance, skyrocketing lumber prices have been blamed partly on a heavy demand for railroad flatcars to haul wood from mill to housing sites...
...congestion began late last summer, after the U.S. agreed to sell Russia 733 million bushels of grain, putting an unexpected strain on railroad facilities. The situation worsened when delays in transferring the grain from railroad cars onto ocean carriers held up Russian shipments until November -just in time to coincide with one of the biggest grain harvests in U.S. history and an unprecedented demand by European countries for American produce. The big surge of new orders further clogged U.S. harbors with ships, delaying unloading of grain-laden hopper cars even more. Then Mother Nature stepped in, sending the Mississippi over...
Even without this spring's peculiar catastrophes, there might still have been a rail capacity crisis. Simply put, the roots of the big back-up are a shortage of railroad grain cars and the inefficient methods by which those already in service are operated. The railroads are trying to remedy the first problem by ordering record numbers of grain cars...
...Kirby, 80, financier who built an inheritance of $50 million into one of the world's largest personal fortunes; in Harding Township, N.J. With the legacy left from his father's investment in Woolworth stores, Kirby and his flamboyant partner, Robert Young, bought control of the railroad-rich Alleghany Corp. in 1937. The investment prospered until the '50s, when Young's death was followed by a well-publicized proxy battle that cost Kirby his post as the company's top officer. Stubbornly, Kirby battled back, and by 1963 was again in control of Allegheny...
...bring "400 new jobs to Cambridge and $350,000 in added tax revenues," Graham Gund, owner of the riverside property, said Tuesday. He further claimed that if housing were constructed on the site it would be cut off from the rest of the community, because it is bounded by railroad tracks, warehouses and the Charles River...