The Transportation Act of 1958 () attempted to reinvigorate the commercial
railroad
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...
s of the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
by granting the
Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminat ...
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.
1958 in American law
1958
Events
January
* January 1 – The European Economic Community (EEC) comes into being.
* January 3 – The West Indies Federation is formed.
* January 4
** Edmund Hillary's Commonwealth Trans-Antarctic Expedition completes the third ...
United States railroad regulation
1958 in rail transport
85th United States Congress
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