WHAT RAIL CONGLOMERATES DO FOR THEIR RAILROADS
Section 903 of the Railroad Revitalization and Regulatory Reform Act of 1976 requires that the Interstate Commerce Commission undertake a study "of conglomerates and of such other corporate structures as are presently found" in the railroad industry. Ex Parte 323 is to produce the ICC report "with appropriate recommendations" for Congress early in 1977. ICC has contended that conglomerates are milking their rail subsidiaries and that it should have new regulatory powers over conglomerates. This article discusses the reasons for conglomerates, how they work, and how they help the industry. A survey of railroad-based conglomerates discusses many facets of this financial and regulatory enigma.
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Simmons-Boardman Publishing Corporation508 Birch Street
Bristol, CT USA 06010
- Publication Date: 1976-9-27
- Features: Photos;
- Pagination: 4 p.
- TRT Terms: Capital investments; Cash flow; Conglomerates; Deregulation; Diversification; Financing; Industry structure; Mergers; Policy; Regulations
- Identifier Terms: Railroad Revitalization and Regulatory Reform Act of 1976; U.S. Interstate Commerce Commission
- Old TRIS Terms: Government policies; Government regulations
- Subject Areas: Administration and Management; Law; Policy; Railroads;
- Accession Number: 00141687
- Record Type: Publication
- Files: TRIS
- Created Date: Nov 23 1976 12:00AM