Increased Coal Rates on the Louisville & Nashville Railroad: Hearing Before the Subcommittee on Surface Transportation of the Committee on Commerce, Science, and Transportation, Ninety-sixth Congress, First Session ... September 24, 1979 |
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Page 5
... capital investments ? Mr. O'NEAL . Well , the- Senator EXON . I mean , is it both ? What is your approach ? I recognize , of course , that the revenues of a railroad have to pay for their operating expenses and capital investments , but ...
... capital investments ? Mr. O'NEAL . Well , the- Senator EXON . I mean , is it both ? What is your approach ? I recognize , of course , that the revenues of a railroad have to pay for their operating expenses and capital investments , but ...
Page 10
... FORD . All right , during the fall of 1978 , when seeking a rate increase and trying to justify it , L. & N. described its own equipment as " incapable of handling increased business without capital improvement . " And I quote : " To 10.
... FORD . All right , during the fall of 1978 , when seeking a rate increase and trying to justify it , L. & N. described its own equipment as " incapable of handling increased business without capital improvement . " And I quote : " To 10.
Page 11
... capital improvement . " And I quote : " To improve its service , sub- stantial expenditures are required . Without the 20 percent rate hike , it would have a devastating effect upon L. & N.'s overall financial position . " Yet , in a ...
... capital improvement . " And I quote : " To improve its service , sub- stantial expenditures are required . Without the 20 percent rate hike , it would have a devastating effect upon L. & N.'s overall financial position . " Yet , in a ...
Page 12
... capital deficits 4 of the last 5 years ? Is that correct ? Mr. O'NEAL . Yes , that is correct . [ Pause . ] Senator FORD . Are you still looking for the answer to the-- Mr. O'NEAL . No ; I'm sorry ; I answered it . You are correct ...
... capital deficits 4 of the last 5 years ? Is that correct ? Mr. O'NEAL . Yes , that is correct . [ Pause . ] Senator FORD . Are you still looking for the answer to the-- Mr. O'NEAL . No ; I'm sorry ; I answered it . You are correct ...
Page 21
... capital , was only 89 percent at pre - rate increase levels . If the L & N earns revenues equal to 100 percent of fully - allocated costs calculated at a 10.6 cost of capital , then it earns its full costs plus a reasonable profit ...
... capital , was only 89 percent at pre - rate increase levels . If the L & N earns revenues equal to 100 percent of fully - allocated costs calculated at a 10.6 cost of capital , then it earns its full costs plus a reasonable profit ...
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169 percent 22 percent Capital investment captive shipper carrier Chairman Class I railroads coal movements coal producers coal rates coal tariffs coal traffic COLEMAN Committee commodities CONGRESS THE LIBRARY decision delivered price Department of Energy deregulation dividends Eastern Kentucky coal effect electric utilities expenditures FEDERAL RAILROAD ADMINISTRATION freight fuel full costs GALLAMORE going hopper cars HYMSON impact important increased coal interest Interstate Commerce Commission Leased SCL LIBRARY OF CONGRESS locomotive units locomotives look Louisville & Nashville management audits ment Middlesboro million tons mines movement of coal moving Nashville Railroad National Coal Association natural gas O'NEAL oil and gas-fired oil and natural OPEC operating revenues percent of operating percent of variable plant and equipment Point Rail questions rail rates rate increases recent Seaboard Coast Line Senator EXON Senator FORD statement steam coal testimony track truck unit train variable cost
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Page 27 - It is the opinion of the Commission that an emergency exists requiring immediate action to promote car service in the interest of the public and the commerce of the people. Accordingly, the Commission finds that notice and public procedure are impracticable and contrary to the public interest, and that good cause exists for making this order effective upon less than thirty days
Page 29 - ... that notice of this order shall be given to the general public by depositing a copy in the Office of the Secretary of the Commission at Washington, DC, and by filing it with the Director, Office of the Federal Register.
Page 29 - That notice of this order shall be given to the general public by depositing a copy thereof in the office of the Secretary of the Commission at Washington, DC, and by filing a copy with the Director, Office of the Federal Register.
Page 24 - A Study to Perform an In-Depth Analysis of Market Dominance and its Relationship to Other Provisions of the 4R Act.
Page 22 - L*N to improve Eastern Kentucky coal service. On September 28, 1978 the L&N and its connecting railroads filed requests for a 22 percent increase in rates on coal movements originating on the L&N. In its decisions served October 30, 1978, and later, the Commission allowed the rate increases to become effective and instituted an investigation into all issues relating to the lawfulness of the schedules.
Page 66 - Washington. DC DEAR MR. SECRETARY : On behalf of the Senate Committee on...
Page 24 - Chairman, that completes the summary of my statement. I will be pleased to try to answer any questions you and members of the committee may have.
Page 66 - The Subcommittee requests that you answer all questions. We would appreciate your response no later than March 13, 1987. We appreciate your cooperation. If you have any questions, please feel free to contact either Bill Corr or Bob Adler at (202) 226-7620. With every good wish, I am.
Page 27 - Railroad Company, Georgia Railroad, Seaboard Coast Line Railroad Company and Western Railway of Alabama to Deliver Locomotives to Louisville and Nashville Railroad Company.