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 62
Page 16
... percent , or something of the kind had been denied . Well , if that is true , I can't see why the truckers should have much objection to this bill , if that is the only amount that will be affected by it . Senator MONRONEY . Of course ...
... percent , or something of the kind had been denied . Well , if that is true , I can't see why the truckers should have much objection to this bill , if that is the only amount that will be affected by it . Senator MONRONEY . Of course ...
Page 19
... percent . 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 ...
... percent . 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 ...
Page 21
... 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 held , that the public is entitled to the benefits of the lower costs ...
... 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 held , that the public is entitled to the benefits of the lower costs ...
Page 22
... percent on the total . So we have a— let's just take the example of a 50 percent increase . This rate has now become 45 cents , this rate which was 40 has now become 60 cents , and maybe , while they are at it , over the years , they ...
... percent on the total . So we have a— let's just take the example of a 50 percent increase . This rate has now become 45 cents , this rate which was 40 has now become 60 cents , and maybe , while they are at it , over the years , they ...
Page 30
... percent of the tonnage handled by class I railroads . The total revenues of Pan - Atlantic and Seatrain combined last year from regulated freight were about $ 24 million as compared with $ 9 billion for the railroads . Surely Congress ...
... percent of the tonnage handled by class I railroads . The total revenues of Pan - Atlantic and Seatrain combined last year from regulated freight were about $ 24 million as compared with $ 9 billion for the railroads . Surely Congress ...
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Common terms and phrases
amendment American Waterways Operators ARPAIA attending the movement barge lines believe bill Chairman coastwise Commissioner FREAS commodities common carrier compensatory rate competing competitive rates CONGRESS THE LIBRARY consider destructive competitive practices economic effect facts and circumstances Foreign Commerce forms of transportation freight fully distributed costs hearings INGERSOLL inherent advantages Interstate and Foreign Interstate Commerce Act Interstate Commerce Commission LANGDON language legislation MAGNUSON mode of transportation Motor Carrier Act motor carriers 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 reasonable minimum rate recommendations regulation revenues Seatrain Secretary Senator LAUSCHE Senator MONRONEY Senator POTTER Senator SCHOEPPEL Senator SMATHERS shippers statement subcommittee tion traffic trans Transportation Act unfair United States Senate WARREN G water carriers water transportation WEISS WELLER WHEELER
Popular passages
Page 191 - 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 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 126 - Commission shall give due consideration, among other factors, to the effect of rates upon the movement of traffic by the carrier or carriers for which the rates are prescribed; to the need, in the public interest, of adequate and efficient water transportation service at the lowest cost consistent with the furnishing of such service; and to the need of revenues sufficient to enable water carriers, under honest, economical, and efficient management, to provide such service.
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 3 - Commission the loan involved is at a rate of interest which is unreasonably high; "(3) if the terms of such loan permit full repayment more than fifteen years after the date thereof; or "(4) unless the Commission finds that the prospective earning power of the applicant carrier, together with the character and value of the security pledged, if any, furnish reasonable assurance of the applicant's ability to repay the loan within the time fixed therefor and reasonable protection to the United States.
Page 173 - 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.
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.
Page 5 - Commodity List' incorporated in ruling numbered 107, March 19, 1958, Bureau of Motor Carriers, Interstate Commerce Commission, but shall not include property shown therein as 'Not exempt' : Provided further, however, That notwithstanding the preceding proviso the words 'property consisting of ordinary livestock, fish (including shell fish), or agricultural (including horticultural) commodities (not including manufactured products thereof...
Page 24 - ... developing, coordinating, and preserving a national transportation system by water, highway, and rail, as well as other means, adequate to meet the needs of the commerce of the United States, of the Postal Service, and of the national defense. All of the provisions of this Act. shall be administered and enforced with a view to carrying out the above declaration of policy.
Page 5 - Act, as amended, is amended by striking out the period at the end thereof and inserting in lieu thereof a colon and the following: “Provided further, That...