Abstract

A Railroad View of Consolidation
Lyne, J. G. | January 22, 1930 issue

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It is now nearly ten years since the Transportation Act of 1920 was passed. Yet consolidation under its provisions seems even more remote now than it did at the time of its passage, even though the Interstate Commerce Commission has adopted a consolidation plan. The consolidation provisions of the Transportation Act are: that the Interstate Commerce Commission shall, "as soon as practicable" adopt a plan for the consolidation of the railroads into a limited number of systems; that the new systems shall preserve competition and existing channels of trade "as fully as possible"; that the new systems shall be so arranged that their costs of transportation as related to their values shall be approximately the same.

See Also:

TRANSPORTATION; UNITED States. Interstate Commerce Commission; RAILROADS & state; INTERSTATE commerce; PUBLIC utilities; UNITED States
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