Report Outline
Predicted Early Rise in Railway Charges
Rail Carriers' Petition for Rate Advances
Course of Railroad Finances Since 1929
The Railroads and Industrial Recovery
Special Focus
Predicted Early Rise in Railway Charges
In their petition for authority to increase freight and passenger rates, hearings upon which opened before the Interstate Commerce Commission last week, the railroads urged that the case be given prompt and favorable consideration in order to relieve the strain on their finances imposed by recent wage increases and by higher costs of supplies and higher taxes. Railway Age has predicted editorially that the decision will be expedited and that such rate changes as may be authorized will go into effect by the beginning of the second quarter of 1938. In its opinion, moreover, “there does not seem any reason for anticipating that the Commission will refuse to grant approximately all the advances proposed.”
The reason why a decision favorable to the carriers is anticipated in railroad circles is that the I. C. C., in allowing on October 22 certain freight-rate increases estimated to produce additional revenue aggregating $50,000,000 annually, virtually invited the roads to make application for further rate advances.
From the facts of record [said the I. C. C.] no other conclusion is possible than that the net earnings of the railroads are now inconsistent, in general, not only with constitutional standards as to the rights of the private owners, but also with the conditions necessary for the proper conduct of the public service of railroad transportation by private enterprise. |
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Oct. 14, 2022 |
Passenger Rail |
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May 01, 2009 |
High-Speed Trains  |
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Oct. 18, 2002 |
Future of Amtrak |
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Apr. 16, 1993 |
High-Speed Rail |
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Mar. 10, 1978 |
Future of American Railroads |
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Mar. 07, 1975 |
Railroad Reorganization |
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Jun. 20, 1973 |
Railroad Nationalization |
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Nov. 17, 1961 |
Railroad Subsidies |
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Aug. 24, 1960 |
Railroad Mergers |
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Jan. 01, 1958 |
Condition of the Railroads |
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Jan. 31, 1951 |
Railway Safety |
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Oct. 04, 1944 |
Railroad Freight Rates |
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Jun. 12, 1939 |
The Government and the Railroads |
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Apr. 21, 1938 |
Government Ownership of the Railroads |
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Dec. 07, 1937 |
Railroad Rates and Revenues |
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Jul. 17, 1937 |
Advances in Railway Passenger Service |
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Sep. 27, 1934 |
Railroad Rates And Federal Regulation of Transportation |
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Jan. 11, 1933 |
Railroad Receiverships and Reorganizations |
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Aug. 26, 1932 |
The Railroads and the Depression |
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Oct. 13, 1931 |
Wages of Railroad Labor |
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Jul. 09, 1931 |
Railroad Freight Rates |
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Feb. 14, 1931 |
The Railroad Consolidation Controversy |
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Sep. 19, 1927 |
The Problem of Railroad Valuation |
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Mar. 30, 1927 |
Railroad Consolidation and Prospective Legislation |
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Mar. 26, 1927 |
Principles of Railroad Consolidation |
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Mar. 08, 1926 |
Railway Labor Disputes Legislation |
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May 04, 1925 |
The Baltimore and Ohio Cooperation Plan |
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Sep. 12, 1924 |
National Railroad Consolidation and the Van Sweringen Merger |
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Aug. 14, 1924 |
Automatic Train Control in Relation to Railroad Casualties |
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May 28, 1924 |
The Condition of American Railroads |
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