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Hearing on freight rate increase by American railroads
Hearings before the Interstate Commerce Commission on railroad rate requests closed. A decision is expected in August to take effect before the government guarantee expires in September. The railroads seek a net annual increase of 1.017 billion dollars, with shippers opposing the proposed 3 percent uplift. Clifford Thorne argued for the shippers, while G neral Counsel Thorn spoke for the railroads, urging a mind operaten plan.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Commission
Clifford Thorne
Chicago
Thorn
Association of Railway Executives
Thorne
Te Railroada
Sam
Ciession