Last week a ten-year legislative drive to put interstate bus & truck traffic under Federal control came to a successful conclusion when Congress finally passed and sent to President Roosevelt its first Motor Carrier Act. Sponsored by Federal Transportation Coordinator Joseph Bartlett Eastman, this new law, effective Oct. 1, provides for drastic motor carrier regulation by the Interstate Commerce Commission on Rates, Routes, Safety, Wages, Hours of Labor, Financial Responsibility and the issuance of securities over $500,000.
Common carriers must obtain certificates of public convenience and necessity, which will be given automatically to...
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