Moving to aid the most overregulated of major U.S. industries, John F. Kennedy last week wrote a heady new prescription for the nation's trains, planes, buses and barges. The prescription: less Goverment control, more competitive freedom.
In the most ambitious message on transportation that any President has addressed to Congress, Kennedy proposed an entire complex of fresh laws to replace "a chaotic patchwork of inconsistent and often obsolete legislation." The President sought to spur the U.S. Government into a coherent and long-overdue adjustment to the changing economic facts of life in the transportation business.
Bail for Rails. A central problem is...