Railway Transportation a History of Its Economics And of Its Relation to the S
Railway Transportation a History of Its Economics And of Its Relation to the S
S20permission2c20upon20president20hadleys20
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" In this respect, the railways of the United States have acted similarly to those in Europe. As the classifications become more definite, ratemak- ing becomes much easier, though it is by no means yet a simple task. For the items of the classification, it is difficult; for the goods moved at " commodity rates, " 230 Railway Transportation it is more difficult. In the making of rates for either group — the "class" or the "commodity" —, a number of important elements must be considered, as, for ...instance: (i) the competition, (2) the value of the goods, (3) the volimie of the tonnage, (4) the bulk and weight, (5) the risk, (6) whether the haul is one or both ways, (7) the facilities of the line and the general traffic conditions. The last five of these factors might be put under the general head of cost of service. Competition has been an important factor in rate making in the United States, though in more recent years the competition between the railways and between the railways and the waterways has con- stantly diminished in its extent and intensity.
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