Railroad Freight Rates and Railroad Wages
Forthcoming Decision in 15 Per Cent Rate Case
Hearings before the Interstate Commerce Commission on the petition of the railroads for a 15 per cent freight rate increase ended September 30, 1931. The commission is expected to announce its decision in the case before the end of October. The generally accepted opinion in Washington is that the carriers will not obtain the full rate advance requested and that they may even be granted no flat percentage increase. If this opinion proves to be correct, it is probable that the railroads will promptly initiate a movement for general reductions in the wages of their employees.
A small percentage increase of all freight rates or the authorization of specific rate advances would presumably ...