Council Criticizes ICC Rate- Setting Proposal

by Council on Wage and Price Stability on April 15, 1976
by Council on Wage and Price Stability

The Council on Wage and Price Stability today, in a filing before the Interstate Commerce Commission, urged the Commission to establish a presumption in favor of competitive rate-setting in cases where railroad rates are contested. The Council stated that such an approach is needed in order to stimulate competition in the rail transportation industry, improve resource efficiency and productivity, and lower costs to ultimate consumers of rail-transported products…

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