Volume Freight Quotes

Just handling this ocean of different books—new and used, in and out of print, famous and forgotten—it was literature as this giant mosaic of texts and experiments and attitudes. I think it’s just very liberating to break out of a great man’s theory of history. I guess I’ve always liked working from that sense of—what would you call it?—license that the margins permit. I always just visualize myself writing books that were meant one day to be dusty, forgotten volumes being encountered by intrepid browsers in a used bookstore. It was a much less freighted way to think about trying to enter the conversation than to imagine I had to write The Great Gatsby.

From Theoretical Elevators: Volume Two, by James Fulton. To believe in silence. As we did when we lived in bubbles. Sentient insofar as we knew it was warm: Silence provided that warmth. The womb. Ants have it easy for speaking in chemicals. Food. Flight. Follow. Nouns and verbs only, and never in concert. There are no mistakes for there is no sentence save the one nature imposes (mortality). You are standing on a train platform. A fear of missing the train, a slavery to time, has provided ten minutes before the train leaves. There is so much you have never said to your companion and so little time to articulate it. The years have accreted around the simple words and there would have been ample time to speak them had not the years intervened and secreted them. The conductor paces up and down the platform and wonders why you do not speak. You are a blight on his platform and timetable. Speak, find the words, the train is warming towards departure. You cannot find the words, the words will not allow you to find them in time for the departure. Nothing is allowed to pass between you and your companion. It is late, a seat awaits. That the words are simple and true is only half the battle. The train is leaving. The train is always leaving and you have not found your words. Remember the train, and that thing between you and your words. An elevator is a train. The perfect train terminates at Heaven. The perfect elevator waits while its human freight tries to grab through the muck and find the words. In the black box, this messy business of human communication is reduced to excreted chemicals, understood by the soul’s receptors and translated into true speech.

Emery Air Freight must be the most promising of the four companies in terms of future growth, if the price/earnings ratio of nearly 40 times its highest reported earnings is to be even partially justified. The past growth, of course, has been most impressive. But these figures may not be so significant for the future if we consider that they started quite small, at only $570,000 of net earnings in 1958. It often proves much more difficult to continue to grow at a high rate after volume and profits have already expanded to big totals. The most surprising aspect of Emery’s story is that its earnings and market price continued to grow apace in 1970, which was the worst year in the domestic air-passenger industry. This is a remarkable achievement indeed, but it raises the question whether future profits may not be vulnerable to adverse developments, through increased competition, pressure for new arrangements between forwarders and airlines, etc. An elaborate study might be needed before a sound judgment could be passed on these points, but the conservative investor cannot leave them out of his general reckoning.

Total Cost Analysis When the purchasing staff considers switching to a new supplier or consolidating its purchases with an existing one, it cannot evaluate the supplier based solely on its quoted price. Instead, it must also consider the total acquisition cost, which can in some cases exceed a product’s initial price. The total acquisition cost includes these items: • Material. The list price of the item being bought, less any rebates or discounts. • Freight. The cost of shipping from the supplier to the company. • Packaging. The company may specify special packaging, such as for quantities that differ from the supplier’s standards and for which the supplier charges an extra fee. • Tooling. If the supplier had to acquire special tooling in order to manufacture parts for the company, such as an injection mold, then it will charge through this cost, either as a lump sum or amortized over some predetermined unit volume. • Setup. If the setup for a production run is unusually lengthy or involves scrap, then the supplier may charge through the cost of the setup. • Warranty. If the product being purchased is to be retained by the company for a lengthy period of time, it may have to buy a warranty extension from the supplier. • Inventory. If there are long delays between when a company orders goods and when it receives them, then it must maintain a safety stock on hand to guard against stock-out conditions and support the cost of funds needed to maintain this stock. • Payment terms. If the supplier insists on rapid payment terms and the company’s own customers have longer payment terms, then the company must support the cost of funds for the period between when it pays the supplier and it is paid by its customers. • Currency used. If supplier payments are to be made in a different currency from the company’s home currency, then it must pay for a foreign exchange transaction and may also need to pay for a hedge, to guard against any unfavorable changes in the exchange rate prior to the scheduled payment date. These costs are only the ones directly associated with a product. In addition, there may be overhead costs related to dealing with a specific supplier (see “Sourcing Distance” later in the chapter), which can be allocated to all products purchased from that supplier.

or even thrown in jail for sneaking onto a freight train! As you read, you decide what happens next by choosing your own path through this multiple-ending story.

struck by a speeding freight train, killing Grayson on impact. An autopsy has been scheduled for later today.

Clutter is the ponderous euphemism that turns a slum into a depressed socioeconomic area, garbage collectors into waste-disposal personnel and the town dump into the volume reduction unit. I think of Bill Mauldin’s cartoon of two hoboes riding a freight car.