Part 2: The ICC and the railroads

(Source: Freight Waves, November 14, 2020)

CHATTANOOGA, Tenn. — The Interstate Commerce Act was passed in 1887 in response to rising public concern with the growing power and wealth of corporations, particularly railroads, during the late 19th century. At that time, railroads were the principal form of transportation for both people and goods, and the prices they charged and the practices they adopted greatly influenced the entire economy.

Full story: Freight Waves

Monday, November 16, 2020