Word: icc
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Dates: during 1930-1939
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...Interstate Commerce Commission ordered a radical cut in U. S. rail rates (TIME, March 9), all the Eastern lines except the Baltimore & Ohio have yammered that the new rates (2? per mi. in coaches; 3? in Pullmans) were unfair, would do the roads more harm than good. When the ICC turned a deaf ear to all protests and ordered the new rates into effect June 2 as scheduled, the Eastern group decided on a court fight. Fortnight ago the B. & O. declared it would lower its rates anyway...
Based on a two-year study, the ICC decision was handed down by a 5-4 vote, with two Commissioners absent. Bitterly contested by the minority, the 80-page decision declared...
...must obtain certificates of public convenience and necessity, which will be given automatically to those in business as of June 1. Contract carriers must obtain permits, will get them automatically if they were in business as of July 1. Others, to operate, must show cause. Complete control is given ICC over common carrier passenger & freight rates...
Eager to get started, ICC last week set up a new division, with Coordinator Eastman as temporary chairman, to work out regulations pending organization of a Bureau of Motor Carriers. What the ICC regulations will be like was clearly indicated at the Congressional hearings on the Motor Carrier Bill. With the Michigan statutes as a model, the ICC promised to work out Federal regulations fully as drastic. Michigan requires daily records and monthly reports, "reasonable" rates, a maximum speed of 50 m. p. h. for buses, 35 m. p. h. for trucks. It prohibits standees in buses, smoking or drinking...
...Expand the ICC from 11 to 16 members...