Word: railroads
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Behind the ICC decision was the hard fact that the railroads' case was economically-if not politically-persuasive. Industry representatives noted that the last general freight-rate hike came in 1960, when the ICC authorized a paltry 1.5% increase. Since then, operating costs have soared. So far this year, eleven railroad unions averaged 6% wage boosts, and six shop unions, led by the militant International Association...
...increases are highest-about 5% -for carload or less-than-carload shipments of general merchandise. On such bulk goods as iron ore, grain, coal and pulpwood, which make up much of the railroad business, the increases average about 3%-somewhat less than the carriers requested. Even that much may not be allowed ultimately. Terming last week's decision a temporary one, the ICC ordered the roads to draw up a master tariff list, which the commission will examine and make final changes on in October...
...practically all major industrial programs. Only military expenditures were increased, by $140 million to an estimated $1 billion, exclusive of some of the hidden barter arrangements with the Soviet bloc. Nasser also increased the price of beer (by 50 a bottle), cigarettes (50 a pack), long-distance bus and railroad fares and admission to movies...
...TRANSPORTATION. Railroads, even recently lucrative ones, showed a drop for the quarter. The Pennsylvania Railroad and the New York Central, still waiting to merge, each had lower earnings for the half-year (although the Central managed to move out of the red in the second quarter), while a drop in car-loadings affected healthier lines like the Norfolk & Western, Southern Pacific, Union Pacific, and the Atchison Topeka & Santa Fe. Airlines were mixed...
...taking over. Big corporations such as ITT are increasingly joining forces with builders-often by merger, sometimes through joint ventures. Last year, for example, Westinghouse Electric acquired Florida's Coral Ridge Properties and is now busy building a city for 60,000 residents near Fort Lauderdale. Pennsylvania Railroad's Macco Realty Co. is developing an 87,500-acre Rancho California community near Los Angeles with Kaiser Industries and Kaiser Aluminum & Chemical Corp. American Standard Inc., the nation's biggest plumbing manufacturer, this year joined a 4,500-house venture in California's Ventura County...