| OCR Text |
Show -5- minimal standards of safety or financial responsibility." Consequently the Interstate Commerce Act of 1935 was approved by Congress to correct deficiencies in the trucking industry. The ICC stated its new policy as follows: It is hereby declared to be the national transportation policy of the Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of the Act, so administered as to recognize and preserve the inherent advantages of each: to promote safe, adequate, economical and efficient service and foster sound economic conditions in transportation and among the several carriers: to encourage establishment and maintenance of reasonable charges for transportation services without unjust discriminations, undue preferences or advantages, or unfair or destructive competitive practices...to meet the needs of the Commerce of the United States, the Postal Service and the national defense." Over the years the ICC has strictly adhered to this policy which has helped insure the continued development of the motor carrier industry and protects the public interest. Yet there are those who claim that this is not so. One of the leading advocators of abolishment of the ICC and total deregulation is Dr. George Wilson of Indiana University. However, at a press conference recently he admitted that a statement he made that billions of dollars are wasted by a regulated system was phony-but was effective in helping to end regulation! President Gerald R. Ford said recently, "We will establish as |
