Business: Roadbed v. Canal

What happens to prices when the President's 2,000,000-ton shipping pool curtails coastwise and intercoastal shipping, adding costly rail rates to goods which now move cheaply by sea? This problem landed on the desk of OPACS Chief Leon Henderson (see p. 16) last week, and it looked as though busy Leon might have some answers ready.

In 1940 more than 7,000,000 tons of coast-to-coast freight moved via the Panama Canal. Chief west-to-east items are lumber and wood pulp, canned goods, gasoline and fuel oil. From east to west the big items are steel and manufactured...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!