Railroads: Just and Reasonable

The Johnson Administration said that it was inflationary. Transportation Secretary Alan S. Boyd said that it would "ultimately be reflected in the cost of thousands of consumer items, food, housing, and the support of our vital effort in Viet Nam." The Department of Agriculture denounced it as a move that would make the U.S. farmer carry "an unjust and unreasonable burden." Yet the Interstate Commerce Commission, after long and careful consideration, last week overrode such complaints, granted to U.S. railways a $300 million increase in freight rates.

Behind the ICC decision was the hard fact that the railroads' case...

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