68th Annual Report of the Interstate Commerce Commission: November 1, 1954 (Classic Reprint) - Softcover

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Excerpt from 68th Annual Report of the Interstate Commerce Commission<br/><br/>On the other hand, a great modernization program, employing many advances in technology, has been in progress in nearly all areas of transportation, and carriers, especially the railroads and motor common carriers of general ght, needed as great a volume of traffic as possible in order to reap the maximum advantage in lower unit costs which the new facilities made possible and to support the invest ments so made. High costs, particularly for retail types of traffic, the large passenger-train service deficit, the continued unsatisfactory condition of certain branches of water transportation, uncertainties as to future labor costs, high levels of taxes, and far-reaching inter agency competition were only some of the problems of a continuing nature.

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