Word: icc
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Dates: during 1950-1959
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RAILROAD MERGER between the New York, New Haven & Hartford and the Boston & Maine will be the subject of an ICC investigation if Massachusetts' Senators Leverett Saltonstall and John Kennedy have their way. They have sent ICC a letter stating that the merger may come about within 45 days through purchase of large blocks of B. & M. stock by the New Haven interests. The Senators want the ICC to hold hearings on the merger...
...changed until after a hearing and a finding [by the Interstate Commerce Commission]. Such a state suspension of interstate transportation . . . would conflict with the Federal Motor Carrier Act which is the supreme law of the land ..." The only thing a state may do, said the court, is appeal to ICC...
...many a state highway official knows that ponderous old ICC often takes years to act on anything. About all the states can do is slap on more fines, even though the truckers pay little attention to them. Most of them count fines as simply another routine cost of doing business...
Attorneys for other applicants questioned the legality of Fox's ownership of the Post at Washington hearings before an ICC examiner Monday. They cross-examined the Boston publisher about his right to control Post stock, and the recent financial condition of the paper...
...ICC SHAKE-UP will be recommended in a Cabinet committee report going to the President this month. The Committee wants the President to ask Congress for a complete overhaul of ICC rules and policies to do away with red tape (TIME, April 5), give rail and highway carriers more freedom to set their own rates, and allow railroads to cut out money-losing passenger lines without the necessity of getting permission from state regulatory bodies...