PROCEEDINGS: CONFERENCE ON INTERCITY BUS TRANSPORTATION. REMARKS OF WILLIAM L. MCCRACKEN

By this time next year, Congress will in all probability be far down the road toward fashioning a new economic regulatory system for the intercity bus industry, consistent with its treatment of air and truck and its proposals for rail and household goods carriers. And it is clear also that many states are embarking on the same course. Greyhound's proposal is a five-part, totally interdependent, federal legislative solution covering: 1. Freedom of entry; 2. Freedom of exit; 3. Abolition of Interstate Commerce Commission jurisdiction over bus industry pricing with limited continuation of rate bureaus for joint-line rates; 4. Federal preemption of state jurisdiction over rates, routes, and service of carriers operating in interstate commerce, and 5. Transferal of remaining Interstate Commerce Commission responsibilities over the intercity bus industry to appropriate agencies. (Author)