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American s Seek Joint Rates Board
Page 54
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THE United States Congress is now studying proposals for the creation of a powerful joint transport board to supervise the establishment and enforcement of rates and revenue-sharing on through routes. The proposals have been put forward by the Interstate Commerce Commission (which controls road carriers), the Federal Maritime Commission and the Civil Aeronautics Board.
Under the proposals, which in the main are said to have the support of all sections of the transport industry, a national policy encouraging joint rates and through service by carriers engaged in the three different spheres would be established by Congress. It is suggested that the joint board should be formed from representatives of the three transport organizations and should have the authority to suspend and/or investigate any rate or through-route working proposals published jointly by two or more carriers regulated by more than one of the three federal agencies.
The board would be able to set minimum, maximum or specific joint rates and would decide the fair division of revenue received from joint carrying arrangements. Rates would be set by reference to: "the inherent advantages of the transportation service covered by such joint rates; the effect of such joint rates upon the movement of traffic; the need. in the public interest, of adequate and efficient transportation service at the lowest cost consistent with the furnishing Of such service; and the need for such carriers for revenue sufficient to enable such carriers under honest, economical and efficient management to provide such service ".
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