When Trust Buster Thurman Arnold last fall fixed a glittering eye on the railroads, he charged that they, through the Railway Express Agency Inc., were controlling and hindering the development of air express on U.S. airlines.
Last week the Civil Aeronautics Board approved a new contract between Railway Express and twelve major airlines. CAB revised two clauses in earlier contracts to which Arnold had taken exception 1) that air express rates must be at least double rail express rates for identical routes; 2) that every pound of air express must be handled through Railway Express.
Most important result is that airlines and...
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