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
U.S. Government Printing Office, 1958 - Transportation - 204 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
amendment American Waterways Operators appears application authority barge barge lines believe bill carry Chairman charge 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 increased industry INGERSOLL inherent advantage intent Interstate Commerce Act Interstate Commerce Commission involving language legislation less lower matter mean meet modes 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 referred regulation respect result rule Senator LAUSCHE Senator POTTER Senator SMATHERS ship shippers situation statement subcommittee suggested thing tion traffic truck trying unfair United water carriers waterways
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 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.