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Value dispute over Rock Island railroad valuation
Des Moines report on Interstate Commerce Commission hearings over Rock Island system valuation. Iowa’s 10 percent lower figure versus federal valuation, a $200 million gap, affects future freight and passenger rates. Fred Wooding of Knoxville chairs a town commission valuation committee and national railroad commissioners group. ICC sets focal standards for other railroads.
MENTIONED IN THIS ARTICLE
Des Moines
Rock Island
Interstate Commerce Commission
Washington
Towa Commission
Fred, P. Wooding
Knoxville
National Association of Railroad Commissioners
Iowa
Interstate Commerce
Quest
Bureau of Valuations
Woodruff