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Railroads Win Authority to Raise Passenger Fares 10 Percent
United Press reports the ICC authorized a 10 percent hike in passenger fares to cover higher operating costs and keep service adequate. Effective on 10 days notice, the raise excludes military reduced fares and deluxe train surcharges, with implementation likely Feb 1–4 and estimated extra annual revenue around 45 million dollars. The ICC also weighs a separate general freight rate increase while defense experts warn of possible summer passenger travel rationing to prioritize military transport.
MENTIONED IN THIS ARTICLE
United Press
Washington
ICC
Association of American Railroads