Word: icc
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...provide for the U.S. to guarantee private loans to the rails (the Senate set a $700 million limit, but the House set no ceiling), 2) give greater power to the Interstate Commerce Commission to reduce service on money-losing routes. 3) tighten up on truckers now exempt from ICC rate regulations. Since chances seemed good that a relief bill would become law within a month, almost all major rail stocks advanced last week. The Dow-Jones rail index closed at the year's high of 119.21, up 19.32 points from the low in January...
POTENT ANTISTRIKE weapon has come from ICC. It ordered truckers and railroads to give pickup and delivery service to customers that are hit by strikes, picketing or labor fights. Rule knocks out labor contracts that permit Teamsters to honor picket lines...
...loans; $500 million would be used to improve plant and facilities, $200 million for new freight cars. For long-term aid, the Administration wants to: ¶ Give the Interstate Commerce Commission power to drop unprofitable passenger and freight runs, and end the power of state commissions to block the ICC. ¶Tighten up on truckers now exempt from ICC rate regulations, since the Administration feels that many cut-rate, "private" truckers are actually public carriers, deserve no exemption. ¶Cut down on rate exemptions for farm produce truckers. Designed to help farmers, the exemptions have been so broadened that many...
SUPER TRAVEL AGENCY combining regulatory powers of CAB, CAA, ICC, Maritime Board and Maritime Administration is being seriously considered by the Eisenhower Administration. Reason: existing agencies are bogged down in red tape, often cannot cope with modern transportation needs...
HELP FOR RAILS is expected from higher mail rates. Eastern lines demand 70% boost, which would stoke up revenues by $82 million a year, plus retroactive payments of $145 million. Post office has offered 15% raise that would bring rails about $17.5 million yearly. ICC will hand down decision this summer...