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 3
... moving from North to South has increased by 148 percent in the last few years , and this has important impli ... moving at . Some examples : Wheat is moving at about well over 200 percent of variable cost in some places . Iron ore at 220 ...
... moving from North to South has increased by 148 percent in the last few years , and this has important impli ... moving at . Some examples : Wheat is moving at about well over 200 percent of variable cost in some places . Iron ore at 220 ...
Page 4
... moving at rates higher than the rate of coal . What we tried to do in the case was to balance competing inter- ests and determine the L. & N.'s need for additional revenues to pay for transportation costs . I think it is important to ...
... moving at rates higher than the rate of coal . What we tried to do in the case was to balance competing inter- ests and determine the L. & N.'s need for additional revenues to pay for transportation costs . I think it is important to ...
Page 5
... moving the coal . We have developed a number that represents what we think is the current cost of capital . 56-128 O - 80-2 We have added that to the full cost of moving 5.
... moving the coal . We have developed a number that represents what we think is the current cost of capital . 56-128 O - 80-2 We have added that to the full cost of moving 5.
Page 6
... moving the coal . And we have developed from that what we think is a return that will cover costs and will represent a reasonable profit . Now in some of the coal cases , particularly in the West , we have gone beyond that . We have ...
... moving the coal . And we have developed from that what we think is a return that will cover costs and will represent a reasonable profit . Now in some of the coal cases , particularly in the West , we have gone beyond that . We have ...
Page 14
... moving at compensatory rates ; and that the burden on other commodities could not be increased without loss of traffic . Was there such a showing in the L. & N. case ? Mr. O'NEAL . Well , let me - first , I think it is useful to look at ...
... moving at compensatory rates ; and that the burden on other commodities could not be increased without loss of traffic . Was there such a showing in the L. & N. case ? Mr. O'NEAL . Well , let me - first , I think it is useful to look at ...
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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
Popular passages
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.