Shipping: Turn-Around to Efficiency

Burdened with the world's highest labor costs, the 15 U.S. shipping lines are kept afloat financially only by the Federal Government, which pays the difference between U.S. and foreign operating costs. Since wages are un likely ever to be rolled back, the ship ping industry's sole chance of getting off the federal dole ($245 million in 1963) is to replace men with machines. Steaming ahead of all the others in that direction, Lykes Bros. Steamship Co. last week asked the Government for an unusual subsidy: to put up, in the interest of...

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