Word: icc
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Dates: during 1950-1959
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PULLMAN FARE HIKE of 7% starts Jan. 1 on railway sleepers if ICC approves. Pullman Inc. says raise will add $6,500,000 to annual revenue, offset higher costs...
RAILWAY MERGER of profitable 1,800-mile Central of Georgia into 5,100-mile St. Louis-San Francisco Railway is being sidetracked by ICC. Examiner found that Frisco acted unlawfully in buying up 56.2% of Central's voting stock for $17 million, because it did not get prior ICC permission. If full ICC board approves, Frisco will be forced to surrender control of Central to triumvirate of Illinois Central, Seaboard, Frisco...
TRUCK RATES are going up, possibly as much as 15%, to offset heavier taxes, increased costs. According to ICC figures, profits of 900 truck lines slipped 50% in 1956's first quarter...
FREIGHT RATES will go up for second time in year if railroads have their way. After getting 6% rate hike from Interstate Commerce Commission last March, roads want another 15% boost to improve and maintain equipment in face of rising costs. Cost to shippers, if ICC approves increase: about $1 billion annually...
While nothing will be done about a merger until a yearlong study is completed, all three presidents were obviously in favor of such a plan. As for the Interstate Commerce Commission, which must approve any merger, it would probably raise a cheer. The ICC has consistently advised U.S. roads to economize and compete by combining facilities whenever they...