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 16
And I just don't know that . The only thing I have seen is the advertisement that
appeared in the Washington Post and the Star last night , in which it said one -
quarter of 1 percent , or something of the kind had been denied . Well , if that is
true ...
And I just don't know that . The only thing I have seen is the advertisement that
appeared in the Washington Post and the Star last night , in which it said one -
quarter of 1 percent , or something of the kind had been denied . Well , if that is
true ...
Page 19
During the same period , railroad tonnage increased 42 percent . I understand
that your committee's hearings are primarily directed toward the problems of the
railroads , for which I have the greatest sympathy . I was born into a railroad
family ...
During the same period , railroad tonnage increased 42 percent . I understand
that your committee's hearings are primarily directed toward the problems of the
railroads , for which I have the greatest sympathy . I was born into a railroad
family ...
Page 21
... including the higher cost break - bulk operations , was approximately 62
percent of the all - rail cost between New York and Houston . Now , the Interstate
Commerce Act recognizes , and the decisions of the Commission and the courts
have ...
... including the higher cost break - bulk operations , was approximately 62
percent of the all - rail cost between New York and Houston . Now , the Interstate
Commerce Act recognizes , and the decisions of the Commission and the courts
have ...
Page 22
So the railroads come along with a general rate increase case , and they
increase the rates we will say 10 percent . This rate becomes 33 cents , this rate
becomes 44 cents . But they put a hold - down on this rate and don't increase it at
all .
So the railroads come along with a general rate increase case , and they
increase the rates we will say 10 percent . This rate becomes 33 cents , this rate
becomes 44 cents . But they put a hold - down on this rate and don't increase it at
all .
Page 30
The total tonnage of the deep - water coastal shipping lines in 1957 amounted to
only about 8 / 100ths of 1 percent of the tonnage handled by class I railroads .
The total revenues of Pan - Atlantic and Seatrain combined last year from ...
The total tonnage of the deep - water coastal shipping lines in 1957 amounted to
only about 8 / 100ths of 1 percent of the tonnage handled by class I railroads .
The total revenues of Pan - Atlantic and Seatrain combined last year from ...
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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 |