Ratemaking Rule--ICC Act: Hearings Before the Committee on Interstate and Foreign Commerce, United States 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 |
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Page 3
( 2 ) In order to carry out the purpose declared in this section , the Commission ,
upon terms and conditions prescribed by it and consistent with the provisions of
this section , may guarantee any lender , or trustee under a trust indenture or ...
( 2 ) In order to carry out the purpose declared in this section , the Commission ,
upon terms and conditions prescribed by it and consistent with the provisions of
this section , may guarantee any lender , or trustee under a trust indenture or ...
Page 8
... be equal opportunities for each mode of transportation . In other words , if the
railroads could carry freight cheaper in some places than what the motor carriers
could , then they would have the advantage 8 RATEMAKING RULE - ICC ACT.
... be equal opportunities for each mode of transportation . In other words , if the
railroads could carry freight cheaper in some places than what the motor carriers
could , then they would have the advantage 8 RATEMAKING RULE - ICC ACT.
Page 14
May I ask you this question : On behalf of the abcommittee I will say that is exactly
what we have attempted to do , to write language into this statute which , in fact ,
would carry out the intention of the Congress when it first put this ratemaking ...
May I ask you this question : On behalf of the abcommittee I will say that is exactly
what we have attempted to do , to write language into this statute which , in fact ,
would carry out the intention of the Congress when it first put this ratemaking ...
Page 23
Yet they tell us they can't afford to haul it for anything less than $ 5 a mile for that
40 miles . What is compensatory ? Senator SMATHERS . All right , sir . You may
proceed . Mr. WELLER . May I carry on ? Senator SMATHERS . Yes .
Yet they tell us they can't afford to haul it for anything less than $ 5 a mile for that
40 miles . What is compensatory ? Senator SMATHERS . All right , sir . You may
proceed . Mr. WELLER . May I carry on ? Senator SMATHERS . Yes .
Page 29
All we are seeking to do — and every reasonable interpretation of what we are
trying to do - is to put in the statute , and carry out the specific injunction of the
transportation policy which you say has made us the greatest ever . Up until 1950
...
All we are seeking to do — and every reasonable interpretation of what we are
trying to do - is to put in the statute , and carry out the specific injunction of the
transportation policy which you say has made us the greatest ever . Up until 1950
...
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Common terms and phrases
amendment American Waterways Operators appears application authority barge believe better bill carry Chairman charges Commissioner FREAS committee commodities compensatory competing competition Congress consider consideration cost course destructive determining economic effect establish existing fact follows forms of transportation freight give going hearings important increase industry inherent advantages intent Interstate Commerce Act Interstate Commerce Commission involving language legislation less lines lower matter mean meet mode of transportation motor carriers movement necessary objection operating particular percent permit practices present problem proposed protect provisions question rail rail rates railroads ratemaking rates reasonable recommendations record reduced regulation respect result rule Senator LAUSCHE Senator POTTER Senator SMATHERS shippers situation statement subcommittee suggest thing tion traffic truck understand unfair United water carriers Weiss WHEELER
Popular passages
Page 199 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for that purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
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 199 - ... 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 purchases of such notes and obligations.
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 165 - ... to encourage the establishment and maintenance of reasonable charges for transportation services, without unjust discriminations, undue preferences or advantages, or unfair or destructive competitive practices...
Page 1 - ... (4) Whenever in any such investigation the commission, after full hearing, finds that any such rate, fare, charge, classification, regulation, or practice causes any undue or unreasonable advantage, preference, or prejudice as between persons or localities In Intrastate commerce on the one hand and interstate or foreign commerce...
Page 197 - 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 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 44 - As Congress enacted separately stated rate-making 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 ngoney.
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.
Bibliographic information
| Title | Ratemaking Rule--ICC Act: Hearings Before the Committee on Interstate and Foreign Commerce, United States 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 ... |
| Authors | United States. U.S.Congress. Senate. Interstate & Foreign Commerce Committee, United States. Congress. Senate. Committee on Interstate and Foreign Commerce |
| Publisher | U.S. Government Printing Office, 1958 |
| Length | 204 pages |
| Export Citation | BiBTeX EndNote RefMan |