Items related to The Case for Increased Railroad Rates

9781334612589: The Case for Increased Railroad Rates

Synopsis

This book discusses the Interstate Commerce Commission report of 1914. Railroad companies in the United States appealed to the Interstate Commerce Commission to set freight rates at 5% higher than previously charged. The author notes railroad companies had experienced a steady decline in purchasing power and a substantial increase in the cost of railway operations and maintenance. This decline in purchasing power was exasperated by the fact that railroad companies were forced to accept payments in a currency that had depreciated in value over time, while having to pay for the goods and services they needed at inflated prices. The text also discusses the public policy of encouraging railroad investment and the importance of the railroad industry in the development of the country. The author notes private investment is essential to the development of railroads and that fostering such investment requires competitive rates that ensure a fair return.

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