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Staggers Act
The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act of 1887. Background In the aftermath of the Great Depression and World War II, many railroads were driven out of business by competition from the Interstate highways and airlines. The rise of the automobile led to the end of passenger train service on most railroads. Trucking businesses had become major competitors by the 1930s with the advent of improved paved roads. After the war, they expanded their operations as the highway network grew and acquired increased market share of the cargo business. Railroads continued to be regulated by the Interstate Commerce Commission (ICC) and a complex system for setting shipping rates. The Staggers Act followed the Railroad Revitalization and Regulatory Reform Act of 1976 (often called the "4R Act"), which reduced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard Cannon
Howard Walter Cannon (January 26, 1912 – March 5, 2002) was an American politician from Nevada. Elected to the first of four consecutive terms in 1958, he served in the United States Senate from 1959 to 1983. He was a member of the Democratic Party. Born in St. George, Utah, Cannon graduated from Northern Arizona University and the University of Arizona Law School. In 1940, Cannon won his first election as county attorney for Washington County, Utah. The following year with the start of World War II, Cannon served in the United States Army for a year and then in the United States Army Air Corps from 1942 to 1946, rising to the rank of lieutenant colonel. Cannon later served in the Army Air Forces Air Reserve as a major general. In 1949, Cannon returned to politics, winning election as city attorney for Las Vegas, Nevada. After four consecutive terms in that office, Cannon defeated Republican incumbent U.S. Senator George W. Malone in the 1958 election. As senator, Cann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cargo
Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including transport by rail, van, truck, or intermodal container. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facility. The term freight is commonly used to describe the movements of flows of goods being transported by any mode of transportation. Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, especially by shipping lines and logistics operators. Similarly, aircraft ULD boxes are also documented as cargo, with an associated packing list of the items contained within. When empty conta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airline Deregulation Act
The Airline Deregulation Act is a 1978 United States federal law that deregulated the airline industry in the United States, removing federal control over such areas as fares, routes, and market entry of new airlines. The Civil Aeronautics Board's powers of regulation were phased out, but the regulatory powers of the Federal Aviation Administration (FAA) were not diminished over all aspects of aviation safety. History Since 1938, the federal Civil Aeronautics Board (CAB) had regulated all domestic interstate air transport routes as a public utility, setting fares, routes, and schedules. Airlines that flew only intrastate routes, however, were not regulated by the CAB but were regulated by the governments of the states in which they operated. One way that the CAB promoted air travel was generally attempting to hold fares down in the short-haul market, which would be subsidized by higher fares in the long-haul market. The CAB also had to ensure that the airlines had a reasonable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Richard Nixon
Richard Nixon's tenure as the 37th president of the United States began with his first inauguration on January 20, 1969, and ended when he resigned on August 9, 1974, in the face of almost certain impeachment because of the Watergate Scandal and resigned, the only U.S. president ever to do so. He was succeeded by Gerald Ford, whom he had appointed vice president after Spiro Agnew became embroiled in a separate corruption scandal and was forced to resign. Nixon, a prominent member of the Republican Party from California who previously served as vice president under Dwight D. Eisenhower, took office following the 1968 presidential election, in which he defeated Hubert Humphrey, the then-incumbent vice president. Although he had built his reputation as a very active Republican campaigner, Nixon downplayed partisanship in his 1972 landslide reelection. Nixon's primary focus while in office was on foreign affairs. He focused on détente with the People's Republic of China an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of American Railroads
The Association of American Railroads (AAR) is an industry trade group representing primarily the major freight Rail transport, railroads of North America (Canada, Mexico and the United States). Amtrak and some regional Commuter rail in North America, commuter railroads are also members. Smaller freight railroads are typically represented by the American Short Line and Regional Railroad Association (ASLRRA), although some smaller railroads and railroad holding companies are also members of the AAR. The AAR also has two associate programs, and most associates are suppliers to the railroad industry. Creation AAR was created October 12, 1934, by the merger of five industry-related groups: * The American Railway Association * The Association of Railway Executives * The Bureau of Railroad Economics * The Railway Accounting Officers Association * The Railway Treasury Officers Association William George Besler was its first President. Facilities and subsidiaries The AAR is headquarter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washington, D.C. Senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a governor's appointment. Congress has 535 voting members: 100 senators and 435 representatives. The U.S. vice president has a vote in the Senate only when senators are evenly divided. The House of Representatives has six non-voting members. The sitting of a Congress is for a two-year term, at present, beginning every other January. Elections are held every even-numbered year on Election Day. The members of the House of Representatives are elected for the two-year term of a Congress. The Reapportionment Act of 1929 establishes that there be 435 representatives and the Uniform Congressional Redistricting Act requires t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Accountability Office
The U.S. Government Accountability Office (GAO) is a legislative branch government agency that provides auditing, evaluative, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States. It identifies its core "mission values" as: accountability, integrity, and reliability. It is also known as the "congressional watchdog". Powers of GAO The work of the GAO is done at the request of congressional committees or subcommittees or is mandated by public laws or committee reports. It also undertakes research under the authority of the Comptroller General. It supports congressional oversight by: * auditing agency operations to determine whether federal funds are being spent efficiently and effectively; * investigating allegations of illegal and improper activities; * reporting on how well government programs and policies are meeting their objectives; * performing policy analyses and outlining options f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freight Rail Fares
Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including transport by rail, van, truck, or intermodal container. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facility. The term freight is commonly used to describe the movements of flows of goods being transported by any mode of transportation. Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, especially by shipping lines and logistics operators. Similarly, aircraft ULD boxes are also documented as cargo, with an associated packing list of the items contained within. When empty contain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Committee On Energy And Commerce
The Committee on Energy and Commerce is one of the oldest standing committees of the United States House of Representatives. Established in 1795, it has operated continuously—with various name changes and jurisdictional changes—for more than 200 years. The two other House standing committees with such continuous operation are the House Ways and Means Committee and the House Rules Committee. The committee has served as the principal guide for the House in matters relating to the promotion of commerce and to the public's health and marketplace interests, with the relatively recent addition of energy considerations among them. Role of the committee The House Committee on Energy and Commerce has developed what is arguably the broadest (non-tax-oriented) jurisdiction of any congressional committee. The committee maintains principal responsibility for legislative oversight relating to telecommunications, consumer protection, food and drug safety, public health, air quality and envi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harley Staggers
Harley Orrin Staggers Sr. (August 3, 1907 – August 20, 1991) was an American politician who served 16 terms in the United States House of Representatives from 1949 to 1981, representing West Virginia's 2nd Congressional District as a Democrat. From 1966 until his retirement in 1981, Congressman Staggers chaired the powerful House Committee on Interstate and Foreign Commerce (today the Committee on Energy and Commerce). A longtime supporter of the American railroad industry and its workers, Congressman Staggers' landmark legislative achievement was the Staggers Rail Act, passed in 1980. Career Staggers was born on August 3, 1907, in Keyser, Mineral County, West Virginia; he graduated from Emory and Henry College in 1931 and did graduate work at Duke University. Staggers served as sheriff of Mineral County from 1937 to 1941. He served as a navigator in the U.S. Naval Air Corps during World War II. In 1948, Staggers was elected to the U.S. House of Representatives, represen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arrangements Between Railroads
Railway companies can interact with and control others in many ways. These relationships can be complicated by bankruptcies. Operating Often, when a railroad first opens, it is only a short spur of a main line. The owner of the spur line may contract with the owner of the main line for operation of the contractee's trains, either as a separate line or as a branch with through service. This agreement may continue as the former railroad expands, or it may be temporary until the line is completed. If the operating company goes bankrupt, the contract ends, and the operated company must operate itself. Leasing A major railroad may lease a connecting line from another company, usually the latter company's full system. A typical lease results in the former railroad (the lessee) paying the latter company (the lessor) a certain yearly rate, based on maintenance, profit, or overhead, in order to have full control of the lessor's lines, including operation. If the lessee goes bankrupt, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Effective Competition
Effective competition is a concept first proposed by John Maurice Clark, then under the name of "workable competition," as a "workable" alternative to the economic theory of perfect competition, as perfect competition is seldom observed in the real world. His proposal resulted in extensive debate in the economic literature over the next several decades in which George W. Stocking Sr., George Stigler, Jesse W. Markham, Joe S. Bain, and many others participated. No consensus has yet been reached over which of many potential criteria should be used to judge competition to be effective, but as an alternative to identifying specific structural criteria by which to constitute effectiveness or workability, Jesse W. Markham suggested the following definition: An industry may be judged to be workably competitive when, after the structural characteristics of its market and the dynamic forces that shaped them have been thoroughly examined, there is no clearly indicated change than can be effe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
