Railway Rates and Cost of Service |
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Page 15
... ) selection of a basis for valuation of railroad property , and ( 2 ) determination of the fair rate of return on such value . Various methods of assigning value to a railroad prop- erty REGULATION OF RATES AS A WHOLE 15.
... ) selection of a basis for valuation of railroad property , and ( 2 ) determination of the fair rate of return on such value . Various methods of assigning value to a railroad prop- erty REGULATION OF RATES AS A WHOLE 15.
Page 16
Owen Ely. Various methods of assigning value to a railroad prop- erty , which had been suggested by the Supreme Court , were analyzed by the Commission : 1. Original cost , as indicated by " book value " of the prop- erty ( the road and ...
Owen Ely. Various methods of assigning value to a railroad prop- erty , which had been suggested by the Supreme Court , were analyzed by the Commission : 1. Original cost , as indicated by " book value " of the prop- erty ( the road and ...
Page 108
... assigned ( that is , without the use of a formula ) . A few accounts were divided in the ratio of gross revenues , though this was obviously fallacious for rate case purposes . As progress was made in the development of a formula , the ...
... assigned ( that is , without the use of a formula ) . A few accounts were divided in the ratio of gross revenues , though this was obviously fallacious for rate case purposes . As progress was made in the development of a formula , the ...
Page 109
... assigned , forty - two per cent assigned on the basis of se- lected accounts , and twenty - four per cent on the basis of train and locomotive mileage . The " selected accounts " were principally those as to which a direct assignment ...
... assigned , forty - two per cent assigned on the basis of se- lected accounts , and twenty - four per cent on the basis of train and locomotive mileage . The " selected accounts " were principally those as to which a direct assignment ...
Page 110
... assigned to passenger and to freight service , " and that " the average cost per ton per mile and per passenger per mile ... was rarely used by Commission- ers in judging of fair rates . " The revival in 1914 of the cost idea in the ...
... assigned to passenger and to freight service , " and that " the average cost per ton per mile and per passenger per mile ... was rarely used by Commission- ers in judging of fair rates . " The revival in 1914 of the cost idea in the ...
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Common terms and phrases
according to percentages according to proportions account 371 analysis analyzed applied Apportion common expenses Assign directly Average Ton-Mile Revenue basis carriers changes charges Class I Railroads coal Commission's commodities common expenses according competition considerable cost of service cost of transportation crease decision decline discrimination divide common expenses earnings economic effect efficiency Esch-Cummins Act expenses of account factors fair return figures fixed formula freight and passenger freight rates freight service increasing returns indicated individual rate industry interest Interstate Commerce Commission joint cost length of haul locomotive maintenance ment method mileage mixed trains monopoly net operating income nomic obtained operating expenses passenger fares passenger service period practical present rate system problem production Professor Taussig proportions of accounts rail rate theory rate-making shippers sion statistical tariffs territory theory of rates tion traf traffic density traffic will bear train-loading trains value of service Yard
Popular passages
Page 143 - Station supplies and expenses Yardmasters and yard clerks Yard conductors and brakemen Yard switch and signal tenders Yard enginemen Fuel for yard locomotives Water for yard locomotives Lubricants for yard locomotives Other supplies for yard locomotives Enginehouse expenses — yard Yard supplies and expenses Operating joint yards and terminals — Dr.
Page 35 - In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic...
Page 36 - In making such determination it shall give due consideration, among other things, to the transportation needs of the country and the necessity (under honest, efficient and economical management of existing transportation facilities) of enlarging such facilities in order to provide the people of the United States with adequate transportation...
Page 138 - The operating expenses, railway taxes, equipment rents, and joint facility rents common to both freight service and passenger and allied services...
Page 35 - That during the two years beginning March 1, 1920, the Commission shall take as such fair return a sum equal to 5% per centum of such aggregate value, but may, in its discretion, add thereto a sum not exceeding one-half of one per centum of such aggregate value to make provision in whole or in part for improvements, betterments or equipment, which, according to the accounting system prescribed by the Commission, are chargeable to capital account.
Page 35 - In the exercise of Its power to prescribe Just and reasonable rates the Commission shall Initiate, modify, establish or adjust such rates so that carriers as a whole (or as a whole in each of such rate groups or territories as the Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fair...
Page 58 - ... individual part is settled without regard to it. Looking at the matter broadly, we have here commodities produced, in part at least, at joint cost. For the explanation of the values of commodities produced under such conditions, the classic economists developed a theory which they applied chiefly to cases like wool and mutton, gas and coke, where practically the whole of the cost was incurred jointly for several commodities. But obviously it also applies, pro tanto, to cases where only part of...
Page 138 - ... which such item bears to the freight service and to the passenger and allied services of the carrier. Each such item shall have its character appropriately indicated on the carrier's records according to its relation (1) solely to freight service, or (2) solely to passenger and allied services, or (3) in common to both freight service and passenger and allied services, or (4) to neither freight service nor passenger and allied services.
Page 7 - It was, therefore, seen not to be unjust to apportion the whole cost of service among all the articles transported, upon a basis that should consider the relative value of the service more than the relative cost of carriage. Such method of apportionment would be best for the country' because it would enlarge commerce and extend communication; it would be best for the railroads, because it would build up a large business, and it would not be unjust to property owners, who would thus be made to pay...