Freight Forwarder Acquisitions: Hearing Before a Subcommittee ... Eighty-eighth Congress, First Session, on H.R. 2090, a Bill to Clarify Certain Provisions of Part IV of the Interstate Commerce Act and to Place Transactions Involving Unifications Or Acquisitions of Control of Freight Forwarders Under the Provisions of Section 5 of the Act. March 12, 1963

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Page 27 - ... to use service by motor vehicle to public advantage in its operations and will not unduly -restrain competition.
Page 3 - That the Commission may authorize persons to hold the position of officer or director in more than one such carrier, without regard to the requirements of this section, where it has found that one of the two or more...
Page 11 - ... controlling a freight forwarder from acquiring control of a carrier subject to parts I, II, or III of the act.
Page 9 - ... however such result is attained, whether directly or indirectly, by use of common directors, officers, or stockholders, a holding or investment company or companies, a voting trust or trusts, or in any other manner whatsoever.
Page 9 - It shall be lawful for two or more carriers by railroad, subject to this Act, to consolidate their properties or any part thereof, into one corporation for the ownership, management, and operation...
Page 3 - Expressly excepted from this prohibition is the right of any carrier subject to parts I, II, or III to acquire control of any...
Page 9 - For a carrier by railroad to acquire trackage rights over, or joint ownership in or joint use of, any railroad line or lines owned or operated by any other such carrier, and terminals incidental thereto.
Page 10 - No such permit shall be issued to any common carrier subject to part I, II, or III of this Act [but no application made under this section by a corporation controlled by, or under common control with, a common carrier subject to part I, II, or III of this Act...
Page 9 - II, in the case of any such person, the Commission shall authorize the issue or assumption applied for only if it finds that such issue or assumption is consistent with the proper performance of its service to the public by each carrier which is under the control of such person, that it will not impair the ability of any such carrier to perform such service, and that it is otherwise consistent with the public interest.

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