Word: icc
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...CARGO PACTS, under which truck lines agree to boycott shipments going to or from plant that is struck or branded "unfair" by Teamsters Union, are heading for big setback. ICC is expected to accept its examiner's recommendation to cancel operating permits of truck lines that refuse to handle hot freight...
...return" to the industry and "adequate" service to the customer. Its rulings eventually affect the price of every product shipped by rail and the cost of travel. It investigates violations of these regulations and its quasi-judicial powers to extend to adjudication of disputes arising under them. Thus the ICC serves as legislator, prosecuting attorney, and court, hardly a position in keeping with the traditional balance of powers...
...plant in Smyrna, Del. (pop. 2,346), Farm Fertilizer Manufacturer Warner W. Price, Jr. decided to speak his piece to the Interstate Commerce Commission about the proposed 22% boost in railroad freight rates. Price got off a letter to the ICC opposing the increase, but he soon found that to get the ICC's full attention he would have to spread out letters like a farmer covering the north 40 with Price products. The ICC wanted him to send exactly 62 copies of his letter -24 for the ICC Secretary, 25 for the Washington lawyer representing the railroads interested...
These averages are derived by the prescribed ICC Uniform System of Accounts, which Ladd accused of "retarding the development of good management cost data." One ICC account combines water cooler ice, car cleaners' wages, detouring costs, and eye and ear tests for trainmen into one figure...
...trouble is that ICC is slow and hesitant to let railroads boost rates enough to cover inflated costs. Though U.S. roads have won 13 freight-rate increases since 1946, the hikes have only increased revenues per ton-mile some 45%, while wages jumped 130%, and material costs rose 80%. Another complaint is that ICC will not let the roads cut rates on products they can carry cheaper than competing trucks, thus tends to allocate markets and stifle free competition...