Word: icc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Feather Beds. The ICC's 6-to-4 decision split the commission itself wide open. Though ex-Chairman J. Haden Alldredge voted for the raise, he warned that the railroads "certainly may be pricing themselves out of the market." He thought that the roads would be smarter to cut their fares and go after more business, and cited the example of the Central of Georgia, the Missouri-Kansas-Texas, and the Southern Pacific, which had boosted traffic by doing just that...
...ICC authorized a fare increase of over 12 per cent for the New Haven Railroad yesterday, but students planning to take a train to the Yale game will not be affected. The New Haven road will not put the fare rise into effect until late next week...
Trunks Extra? In Washington, the ICC recommended that the ferry line between Weehawken, N.J. and Manhattan help meet higher operating costs by increasing the fare for uncrated elephants from...
Were U.S. railroads pricing themselves out of business? The Interstate Commerce Commission thought so. Since war's end, the railroads have asked for, and received, seven freight-rate increases, but freight revenues have been slipping anyway. Last week ICC reluctantly handed out an eighth increase (an average of 3.7%), boosting freight rates-and shippers' bills-an estimated $293 million annually. The commission also handed down a warning: the railroads' higher rates are diverting more & more business to trucks, a trend that "is too impressive and formidable to be ignored...
...control two competing railroads. Young might get around this by transferring C. & O.'s holdings in the Central to Alleghany Corp., putting Alleghany's C. & 0. voting power in trust to an outsider, and resigning his board chairmanship of the C. & O. Thus, unless the ICC found some legal barrier, Young would be out of the C. & O. and free to use I.D.S. to buy up to 10% of Central stock, thereby strengthening a controlling interest he could exercise...