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
... by the carrier or carriers . " SEC . 5. Section 15a of the Interstate Commerce Act
, as amended , is amended by inserting after paragraph ( 2 ) thereof a new
paragraph ( 3 ) as follows : " ( 3 ) In a proceeding involving competition with
another ...
... by the carrier or carriers . " SEC . 5. Section 15a of the Interstate Commerce Act
, as amended , is amended by inserting after paragraph ( 2 ) thereof a new
paragraph ( 3 ) as follows : " ( 3 ) In a proceeding involving competition with
another ...
Page 10
... business away , or the motor carriers could reduce their rate to a compensatory
level to take business away from the railroads , and the railroads could reduce
their rates to meet the competition , as long as their rates were compensatory .
... business away , or the motor carriers could reduce their rate to a compensatory
level to take business away from the railroads , and the railroads could reduce
their rates to meet the competition , as long as their rates were compensatory .
Page 13
In its early decisions , after the passage of the act , the ICC stated that in
considering the question of whether rates were unduly low , controlling weight
should be given to the operating expenses , and not to the rates of competing
modes of ...
In its early decisions , after the passage of the act , the ICC stated that in
considering the question of whether rates were unduly low , controlling weight
should be given to the operating expenses , and not to the rates of competing
modes of ...
Page 21
... their historic tendency has been to depress the rates where water competition
is encountered , until the competition is destroyed . The complete success of that
monopolistic tendency has been frustrated , in part , by the enactment of law , by
...
... their historic tendency has been to depress the rates where water competition
is encountered , until the competition is destroyed . The complete success of that
monopolistic tendency has been frustrated , in part , by the enactment of law , by
...
Page 22
Thus , Seatrain is subjected to a double squeeze ; the through rates with which it
must compete are depressed , and the local rates to and from the ports are
increased , so that Seatrain's port - to - port rates must take a double shrink to
stay in ...
Thus , Seatrain is subjected to a double squeeze ; the through rates with which it
must compete are depressed , and the local rates to and from the ports are
increased , so that Seatrain's port - to - port rates must take a double shrink to
stay in ...
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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 |