U.S. railroaders this week waited for ICC to grant them a boost in freight rates. They did not expect the full 10% increase they had asked (TIME, Dec. 22), but they did expect around 6-7½%. That would add some $275,000,000 to their 1942 revenues, atop the $45,000,000 passenger-rate increase granted last month.
These new rates mean increased costs to almost every big U.S. manufacturer, to consumers and to the Government, now the nation's largest single shipper. Yet at the ICC hearings the only real opposition to it came from farmer-befriending Secretary Wickard. Not even Leon Henderson protested. For he knew...
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