The Penn Central and Other Railroads: A Report to the Senate Committee on Commerce, Halaman 38
U.S. Government Printing Office, 1973 - 748 halaman
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accounting acquisition addition agreement amount annual Appendix application approval areas average capital carriers cash cent charges Class coal combination Commerce Commission condition consideration consolidated continued costs debt decision decline Department differences District dividends dollar earnings Eastern economy effect equipment Exhibit expenditures expense freight freight car funds gains growth Haven holding important improved income increased Index indicate industry interest investment issue labor leasing less lines loss Macco major measure ment merger miles million needs Norfolk noted Ohio operating payments Penn Central Pennsylvania percent performance period planning plant position present problems proposed rail railroad ratio received region relative result revenue roads Saunders SELECTED share shippers shows Source Southern subsidiaries substantial Table tion tonnage traffic transportation United Western York Central
Halaman 257 - In passing upon any proposed transaction under the provisions of this paragraph (2), the Commission shall give weight to the following considerations, among others: (1) The effect of the proposed transaction upon adequate transportation service to the public; (2) the effect upon the public interest of the inclusion, or failure to include, other railroads in the territory involved in the proposed transaction; (3) 59 FEDERAL SUPPLEMENT the total fixed charges resulting from the proposed transaction;...
Halaman 613 - George P. Baker, Richard C. Bond, Jervis Langdon, Jr. and Willard Wirtz, Trustees...
Halaman 515 - The Commission shall make such order only if it finds that such issue or assumption: (a) is for some lawful object within its corporate purposes, and compatible with the public interest, which is necessary or appropriate for or consistent with the proper performance by the carrier of service to the public as a common carrier, and which will not impair its ability to perform that service, and (b) is reasonably necessary and appropriate for such purpose.
Halaman 515 - No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in the past has been the desire and ability of railroad managers to engage in enterprises outside the legitimate operation of their railroads, especially by the acquisition of other railroads and their securities.
Halaman 272 - Plan I. Railroad movement of trailers or containers of motor common carriers, with the shipment moving on one bill of lading and billing being done by the trucker. Traffic moves under rates in regular motor carrier tariffs.
Halaman 530 - ... meets the requirements of the law and will be legally authorized and valid, if approved by the Commission with specific reference to any specially pertinent provisions of applicant's, or applicant's and carrier's charter or articles of incorporation.
Halaman 531 - USC 205 (m) ) , namely, any common carrier by railroad engaged in the transportation of persons or property in interstate commerce, except a street, a suburban, or interurban electric railway which is not operated as a part of a general railroad system of transportation or which does not derive more than 50 percent of its operating revenues from the transportation of freight in standard steam railroad freight equipment. (c) As used in section 108 (b) and this section, the term "indebtedness...
Halaman 371 - ... any and all accounts, books, records, memoranda, correspondence, and other documents of such carriers...
Halaman 516 - ICC 626; and concluded at 90 MCC 222-223, as follows; As a general rule, it is clear that the issuance by a carrier of securities, or the use of the proceeds from such issuance, generally should be authorized only in those instances where it would be of benefit to or enhance its carrier transportation. In no event, should a carrier be authorized to issue securities or use the proceeds therefrom, or assume obligation or liability with respect to the securities of any other...