...Transportation Act of 1940 added to the Interstate Commerce Act a national transportation policy wherein : "It is hereby declared to be the national transportation...preserve the inherent advantages of each; * * * to cooperate with the several States and the duly authorized officials thereof; and to encourage fair...

...transportation policy declared in this Act. As pertinent here, the national transportation policy provides for* * * fair and impartial regulation of all modes...preserve the inherent advantages of each * * * to promote * * * and foster sound economic conditions in transportation and among the several carriers; to encourage...

...for fair and impartial regulation of all modes of transportation subject to the Interstate Commerce Act, so administered as to recognize and preserve...foster sound economic conditions in transportation and among the several carriers, all to the end of developing, coordinating, and preserving a national transportation...

...to be administered and enforced by this Commission. Declarative of that policy is the requirement: To provide for fair and impartial regulation of all...administered as to recognize and preserve the inherent advantages of each *** — all to (he end of developing, coordinating, and preserving a national transportation...

...exercised in harmony with the National Transportation Policy. That policy provides, in pertinent part: It is hereby declared to be the national transportation...provide for fair and impartial regulation of all modes of transportation subject-to the provisions of this Act (Interstate Commerce Act), so administered...

...cite the fact that the provisions of that policy, among other things, also provide for the "fair and impartial regulation of all modes of transportation...administered as to recognize and preserve the inherent advantages of each; * * *." In the absence of a showing by the complainant that it has the inherent...

...carrying out the above declaration of policy.' The declaration of policy also asserts It to be 'th* national transportation policy of the Congress to...regulation of all modes of transportation' subject to the Act. It further declares that the provisions of the Act are to be 'so administered as to recognize...

...the admonition in section 410 (d) of the act. Furthermore the declared national transportation policy "to provide for fair and impartial regulation of all...transportation subject to the provisions of this Act" would be inconsistent with refusal to issue a permit to an applicant for authority to operate as a...

...Certainly it cannot be contended with fairness that continued service under these circumstances would promote safe, adequate, economical and efficient service...foster sound economic conditions in transportation. Accordingly, we find that the line will generate substantial losses if operated at 16 percent of its...

...of which Congress prescribed that the "Act shall be administered and enforced" is "to promote * * * adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers." 54 Stat. 899. When materials and labor are devoted to the building of...