The Transportation Improvement Act of 1974: The Surface Transportation Act of 1973, and Freight Car Legislation
United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Aeronautics
U.S. Government Printing Office, 1974 - 314 pages
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abandonment accordance accounting acquired action additional agreement amended amount application appropriate approval assist Authority bill Board bureaus capital carrier carrying certificate charge Commission common Congress continued contract Corporation cost determined develop Directors economic effective efficient employees enactment equipment obligation established exceed extent facilities Federal filed financing finds freight cars fund Government guarantee hearing holder improve individual industry interest Interstate Commerce Act issued laws lease loan guarantee means ment months necessary notes notice obligor operation otherwise paragraph payment performed period permit person practice prescribe principal prohibited proposed protect provisions purchase pursuant rail railroad reasonable received recommendations regulations respect rolling stock rules schedule Secretary securities shippers standards terminate thereof tion traffic transportation Treasury United unless utilization
Page 64 - That nothing in this Act shall prevent the carriage, storage, or handling of property free or at reduced rates for the United States, State, or municipal governments, or for charitable purposes, or to or from fairs and expositions for exhibition thereat, or the free carriage of destitute and homeless persons transported by charitable societies, and the necessary agents employed in such transportation...
Page 67 - ... to the need, in the public interest, of adequate and efficient railway transportation service at the lowest cost consistent with the furnishing of such service ; and to the need of revenues sufficient to enable the carriers, under honest, economical, and efficient management to provide such service.
Page 62 - ... (3) In a proceeding involving competition between carriers of different modes of transportation subject to this Act, the Commission, in determining whether a rate is lower than a reasonable minimum rate, shall consider the facts and circumstances attending the movement of the traffic by the carrier or carriers to which the rate is applicable. Rates of a carrier shall not be held up to a particular level to protect the traffic of any other mode of transportation, giving due consideration to the...
Page 53 - ... no carrier by railroad subject to this part shall abandon all or any portion of a line of railroad, or the operation thereof, unless and until there shall first have been obtained from the Commission a certificate that the present or future public convenience and necessity permit of such abandonment.
Page 64 - ... nothing in this Act contained shall in any way abridge or alter the remedies now existing at common law or by statute, but the provisions of this Act are in addition to such remedies...
Page 53 - Commission a certificate that the present or future public convenience and necessity require or will require the construction, or operation, or construction and operation, of such additional or extended line...
Page 65 - That if any common carrier subject to the provisions of this act shall, directly or indirectly, by any special rate, rebate, drawback, or other device, charge, demand, collect or receive from any person or persons a greater or less compensation...
Page 70 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 63 - In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic...