Word: icc
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Dates: during 1950-1959
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...other regions got 6%. Railroad men estimate that the boost will bring in $564 million more a year in revenue. The railroads had asked for a 15% increase, were opposed by the Office of Price Stabilization, which argued that any increase would be passed on to consumers. But ICC decided the railroads needed the money "to meet the needs of national defense." Now one of the railroads' big worries is whether the new hike will shift more freight to the growing trucking industry...
...east of the Rockies by Jan. 1. Southerners have long complained that freight rates have been stacked against the South; e.g., it is 20% cheaper to ship some goods from Chicago to New York (890 miles) than from Atlanta to New York (868 miles). By removing these differentials, ICC's order-following a 1947 Supreme Court decision holding such rates discriminatory-will save Southern businessmen an estimated $20 million a year...
...Which also includes losses on baggage and mail which ICC lumps with passenger revenues...
...Last week Ford admitted "embarrassment" over the situation, asked ICC to license another carrier...
...learned to expect from their railroads: "We never intended to put a signal light there at all. We still don't intend to install signal lights at either end of the detour because it's still a temporary project. The railroad makes many . . . changes without notifying the ICC . . . After all, it's our own property...