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Trainnews - volume 8 - issue 126 (International)
Posted by: Espee99 ()
Date: June 29, 2015 04:59PM

Trainnews - volume 8 - issue 126 (International) - 06/29/15


This day in Railroad History

June 29, 1906
The Hepburn Act gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates and led to the discontinuation of free passes to loyal shippers. In addition, the ICC could view the railroads' financial records, a task simplified by standardized bookkeeping systems. For any railroad that resisted, the ICC's conditions would remain in effect until the outcome of litigation said otherwise. By the Hepburn Act, the ICC's authority was extended to cover bridges, terminals, ferries, sleeping cars, express companies and oil pipelines. The ICC staff grew from 104 in 1890 to 178 in 1905, 330 in 1907, and 527 in 1909. The limitation on railroad rates depreciated the value of railroad securities, a factor in causing the panic of 1907. Scholars consider the Hepburn Act the most important piece of legislation regarding railroads in the first half of the 20th century. Economists and historians debate whether it crippled the railroads, giving so much advantage to the shippers that a giant unregulated trucking industry — undreamed of in 1906—took away their business.
[en.wikipedia.org]


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Notices

International News

Mumbai train derails and crashes into platform – video
[www.theguardian.com]
and
Mumbai Local Train Crash: Motorman Says he Stared Death in the Face
[www.ndtv.com]

High-Speed Trains In China: New Traction System To Enhance Bullet Train Speeds To Over 310 MPH
[www.ibtimes.com]

43 Trains Cancelled due to Itarsi Fire
[www.newindianexpress.com]

Alstom runs 4G LTE multi-services pilot for train operations
[www.computerweekly.com]

Andrews government to spend $1.3b on high-capacity trains
[www.theage.com.au]

Adelaide train drivers in work bans
[www.9news.com.au]
and
SA train drivers vote to impose work bans
[www.news.com.au]

Chinese train-maker denies plans to buy Bombardier division
[montrealgazette.com]

TfL shortlists four train operators to run London Overground
[www.cityam.com]

Bombardier signs deal with Delhi Metro Rail for 162 train cars
[montrealgazette.com]

Chennai becomes sixth Indian city with metro railway
[www.bbc.com]

Georgian Railway Cuts Domestic and Export Dry Freight Rates
[www.civil.ge]

Welsh Highland Railway to restore a 'New' Garratt loco
[www.dailypost.co.uk]

Eid 2015: Pak Railway ready for historic operation
[www.thenewstribe.com]

Skoda unveils Czech Railways' InterPanter EMU
[www.railway-technology.com]

Rail line to link Jaigarh Port to Konkan Railway
[www.thehindu.com]

High-speed railway opens in scenic China mountain region
[www.wantchinatimes.com]

Rio rejects bus rapid transit in favour of metro
[www.railjournal.com]

Government announces plans to restore section of railway to North Korea
[english.hani.co.kr]

Porterbrook unveils Pacer DMU life-extension demonstrato
[www.railwaygazette.com]

DB to expand Sylt Shuttle as competition looms
[www.railjournal.com]


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