Transportation Act of 1958
Encyclopedia
The Transportation Act of 1958 attempted to reinvigorate the commercial railroads of the United States
by granting the Interstate Commerce Commission
money to loan to railroads and power to fix prices. Despite this, railroads were still having a difficult time remaining profitable, and asked to shed services, particularly passenger rail services.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
by granting the Interstate Commerce Commission
Interstate Commerce Commission
The Interstate Commerce Commission was a regulatory body in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including...
money to loan to railroads and power to fix prices. Despite this, railroads were still having a difficult time remaining profitable, and asked to shed services, particularly passenger rail services.