Word: railroads
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pleasant, pensive chairman and chief executive of the Chicago & North Western Railway, has a talent for the unexpected. Such as making money on commuters: the C. & N.W., with a profit of $2,000,000 from its Chicago short-haul service last year, is one of the few U.S. railroads that earned money on that kind of traffic. Or accomplishing unlikely mergers: in a recent move that caught Wall Street by surprise, Heineman announced that for cash and stock exchanges totaling $367 million, the C. & N.W. was acquiring Essex Wire Corp. (annual sales: $375 million), a Fort Wayne, Ind. firm that...
Nonseasonal Pattern. Heineman's aim, like that of other progressive railroaders, is to diversify away from an essentially cyclical and undependable base. "We want to offset the weaknesses of the railroad," he says, "with the strength of other companies. In many respects, they're close to the consumer, while the railroad is not. And they operate on a nonseasonal pattern." Last winter, for instance, the normally profitable C. & N.W. suffered so much from wind and weather that it reported a $ 1,400,000 first-quarter loss on rail operations. But as the result of an earlier acquisition...
...week told of a violent battle between rival Maoist groups in Kunming, the capital of Yunnan province, which borders on North Viet Nam. According to the big character signs, 266 Maoists were killed and 1,000 wounded. Stability in Yunnan is vital to Mao because through it pass the railroad lines that carry supplies to Hanoi...
After publishing his Ph. D. thesis on railroad regulation in 1948, he became a leading national expert on the subject...
Ostensibly, Truman is traveling to Expo '67, but a highly placed source in the Atchison, Topeka, and Santa Fe Railroad, revealed last night that Truman's train had been routed as an "A1 High Priority Express, scheduled to arrive in Boston, Mass. on Wednesday, June...