Abstract

Everybody's Business
Hutchison, Keith | December 26, 1942 issue

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According to the author, blithely forging ahead toward a goal of the greatest net profits in their history, railroads have suddenly found themselves threatened by a dangerous pincers movement. Railroads might find more public sympathy for their plight if they had not, in their eagerness to grasp all the profit that war-time traffic could bear, blindly maneuvered themselves into an indefensible position. Despite OPA protests the Interstate Commerce Commission did in fact give the railroads nearly all they asked for by allowing a 10 per cent increase in passenger fares and an average increase of about 6 percent in freight rates.

See Also:

RAILROADS; COMMUNICATION & traffic; INTERSTATE commerce; PROFIT; USE tax; USER charges
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