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...antitrust immunity for anticompetitive rate-making activity by truckers. After a three-year phase-in period, carrier associations could in most cases no longer discuss rates, nor could industry rate bureaus file rates for members. Truckers could raise rates up to 15% a year without ICC intervention; they could cut rates without limit...

Author: /time Magazine | Title: TRANSPORTATION: Trucking Overhaul | 11/24/1975 | See Source »

...Domestic Council is a study from 1937 predicting that the Interstate Commerce Commission would mean the demise of the railroads. Cannon remembers writing something like that again in 1954 when he was a journalist. And so today the railroads are almost moribund just like the script, but the ICC goes...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Tackling the Bumbling Bureaucracy | 6/9/1975 | See Source »

...bill that would allow railroads to adjust their rates up or down by as much as 40% without ICC approval. If railroads are given this authority, some might cut rates, but probably by much less than...

Author: /time Magazine | Title: INFLATION: Fighting the Regulatory Fiefdoms | 5/12/1975 | See Source »

...been 1) to urge these bureaucracies to weigh the inflationary consequences of their decisions and 2) to maneuver for greater price competition within the existing rules rather than press for outright deregulation of entire industries. Later this spring, Ford plans to preach price-consciousness to the heads of the ICC, CAB, FCC, FPC, FTC, SEC, FMC, NRC (Nuclear Regulatory Commission), CFTC (Commodity Futures Trading Commission) and the CPSC (Consumer Product Safety Commission...

Author: /time Magazine | Title: INFLATION: Fighting the Regulatory Fiefdoms | 5/12/1975 | See Source »

...wreck of the Rock Island is just the latest sign of growing trouble on the U.S. rails and the failure of the Government to produce a rational rail policy for the nation. An ICC staff estimate predicts that the industry's first-quarter loss will be "worse than has ever before occurred, even during the Great Depression of the 1930s." No fewer than eight Northeast roads are in bankruptcy. And the Department of Transportation's new Secretary, William Coleman Jr., cautions: "It would be foolish simply to subsidize the rails. I think 20% of the nation...

Author: /time Magazine | Title: RAILROADS: Wreck of the Rock Island | 3/31/1975 | See Source »

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