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Federal freight and passenger rate increases authorized by ICC
The Interstate Commerce Commission granted nationwide rate rises totaling about one and a half billion dollars in revenue. Freight up roughly one third, passenger fares about one fifth, and larger supplements on other charges. Rates become effective after five days notice and before January 1, with a 50 percent surcharge on Fullman fares and a 20 percent base rise in various charges. The action aims to offset a prior railroad payroll boost and to guarantee net income on railroad property values.
MENTIONED IN THIS ARTICLE
Washington
Paseepger
Vullmen
Coastwiss
Hner
Uate
Commission
Railroad Labor Board
Transportation Act
Mastisippi River
Rocky Mountains
Rockies
Pacific Coast
Alaska
Sion