Transportation Act of 1958
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The Transportation Act of 1958 (Pub. L. 85–625) 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.[1]
References
[edit]- ^ "Text of S. 3778 (85th): An Act to amend the Interstate Commerce Act, as amended, so as to … (Passed Congress version)". GovTrack.us. Archived from the original on 17 September 2024. Retrieved 21 April 2025.
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