Ratemaking Rule - ICC Act: Hearings Before the Committee on Interstate and Foreign Commerce, United State Senate, Eighty-fifth Congress, Second Session on S. 3778, to Amend the Interstate Commerce Act, as Amended So as to Strengthen and Improve the National Transportation System, and for Other Purposes. May 20 and 21, 1958 |
From inside the book
Results 1-5 of 61
Page 6
... the Interstate Commerce Committee and was one of the managers of the 1 See hearings entitled " Problems of the Railroads , " pts . 1-4 . Transportation Act of 1940 , and because I also introduced 6 CO RATEMAKING RULE - ICC ACT.
... the Interstate Commerce Committee and was one of the managers of the 1 See hearings entitled " Problems of the Railroads , " pts . 1-4 . Transportation Act of 1940 , and because I also introduced 6 CO RATEMAKING RULE - ICC ACT.
Page 19
... problems of the railroads , for which I have the greatest sympathy . I was born into a railroad family and spent the first 20 years of my business life in the railroad business . The railroads are concerned that despite the increase in ...
... problems of the railroads , for which I have the greatest sympathy . I was born into a railroad family and spent the first 20 years of my business life in the railroad business . The railroads are concerned that despite the increase in ...
Page 29
... problems have started getting greater , and you have lost more money , the Commission has not been consistent , and that is the occasion why now we feel it necessary to reemphasize the im- portance of the national transportation policy ...
... problems have started getting greater , and you have lost more money , the Commission has not been consistent , and that is the occasion why now we feel it necessary to reemphasize the im- portance of the national transportation policy ...
Page 30
... problem . In conclusion , I would merely like to say that unless it is the pur- pose of this committee and the Congress to make it possible for the railroads to destroy other modes of transportation , and particularly the coastal ...
... problem . In conclusion , I would merely like to say that unless it is the pur- pose of this committee and the Congress to make it possible for the railroads to destroy other modes of transportation , and particularly the coastal ...
Page 34
... problem which confronts many segments of the industry . Yours very truly , DONALD W. SMITH . Mr. LEIGHTON . I will come back later . Thank you . Senator SMATHERS . Our next witness is Mr. Ralph Dewey , presi- dent of the Pacific ...
... problem which confronts many segments of the industry . Yours very truly , DONALD W. SMITH . Mr. LEIGHTON . I will come back later . Thank you . Senator SMATHERS . Our next witness is Mr. Ralph Dewey , presi- dent of the Pacific ...
Other editions - View all
Common terms and phrases
amendment American Waterways Operators Arpaia attending the movement barge lines believe bill Chairman coastwise Commissioner FREAS committee commodities common carrier compensatory rate competitive rates competitors CONGRESS THE LIBRARY consider destructive competitive practices DEWEY economic effect facts and circumstances Foreign Commerce forms of transportation hearings INGERSOLL inherent advantages Interstate and Foreign Interstate Commerce Act Interstate Commerce Commission LANGDON language legislation ment modes of transportation Motor Carrier Act national transportation policy operating out-of-pocket costs percent permit PINKNEY portation prescribed proceeding involving competition proposed rates protect provisions question rail carriers rail rates railroad industry railroad rates ratemaking rule recommendations reduced rates regulation revenues Seatrain Senator LAUSCHE Senator MONRONEY Senator POTTER Senator SCHOEPPEL Senator SMATHERS shippers statement subcommittee TAYLOR tion traffic trans Transportation Act transportation system unfair United States Senate WARREN G water carriers water transportation WEISS WELLER WHEELER
Popular passages
Page 47 - In a proceeding involving competition between carriers of different modes of transportation subject to this Act, the Commission, in determining whether a rate is lower than a reasonable minimum rate, shall consider the facts and circumstances attending the movement of the traffic by the carrier or carriers to which the rate is applicable. Rates of a carrier shall not be held up to a particular level to protect the traffic of any other mode of transportation, giving due consideration to the objectives...
Page 201 - Such action shall be brought in the district court of the United States for the judicial district in which the plaintiff resides, or has his principal place of business, or, if he does not reside or have his principal place of business within any such judicial district, in the United States District Court for the District of Columbia.
Page 7 - Act, so administered as to recognize and preserve the inherent advantages of each; to promote safe, adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers...
Page 201 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act as amended, are extended to include any purchase of such notes and obligations.
Page 199 - For purposes of subsection (b) , the term "regulated public utility" also includes a common parent corporation which is a common carrier by railroad subject to part I of the Interstate Commerce Act...
Page 44 - As Congress enacted separately stated ratemaking rules for each transport agency, it obviously intended that the rates of each such agency should be determined by us in each case according to the facts and circumstances attending the movement of the traffic by that agency. In other words, there appears no warrant for believing that rail rates, for example, should be held up to a particular level to preserve a motor-rate structure, or vice versa (259 ICC at p.
Page 201 - Secretary of the Treasury may at any time sell any of the notes or other obligations acquired by him under this subsection. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 2 - ... the Commission pursuant to this paragraph, the laws or constitution of any state, or the decision or order of, or the pendency of any proceeding before, any court or state authority to the contrary notwithstanding.
Page 65 - Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of the act, so administered as to recognize and preserve the inherent advantages of each...
Page 94 - Differences in the classifications, rates, fares, charges, rules, regulations, and practices of a water carrier in respect of water transportation from those in effect by a rail carrier with respect to rail transportation shall not be deemed to constitute unjust discrimination, prejudice, or disadvantage, or an unfair or destructive competitive practice, within the meaning of any provision of this Act.