96-7709. Exemption of Demurrage From Regulation  

  • [Federal Register Volume 61, Number 62 (Friday, March 29, 1996)]
    [Notices]
    [Page 14200]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-7709]
    
    
    
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    DEPARTMENT OF TRANSPORTATION
    Surface Transportation Board 1
    
        \1\ The ICC Termination Act of 1995, Pub. L. No. 104-88, 109 
    Stat. 803 (the Act), which was enacted on December 29, 1995, and 
    took effect on January 1, 1996, abolished the Interstate Commerce 
    Commission (ICC) and transferred certain functions and proceedings 
    to the Surface Transportation Board (Board). Section 204(b)(1) of 
    the Act provides, in general, that proceedings pending before the 
    ICC on the effective date of that legislation shall be decided under 
    the law in effect prior to January 1, 1996, insofar as they involve 
    functions retained by the Act. This decision relates to a proceeding 
    that was pending with the ICC prior to January 1, 1996, and to 
    functions that are subject to Board jurisdiction pursuant to 49 
    U.S.C. 10702 and 10746. Therefore, this decision generally applies 
    the law in effect prior to the Act, and citations are to the former 
    sections of the statute, unless otherwise indicated.
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    [Ex Parte No. 462]
    
    
    Exemption of Demurrage From Regulation
    
    AGENCY: Surface Transportation Board.
    
    ACTION: Withdrawal of antitrust immunity.
    
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    SUMMARY: Pursuant to a notice of proposed rulemaking, served April 21, 
    1992, the Board is withdrawing antitrust immunity for the collective 
    consideration of demurrage charges. The Board concludes that this 
    action constitutes the best means to achieve the goals of the ICC 
    Termination Act of 1995 and the Staggers Rail Act of 1980 (Pub. L. No. 
    96-448, 94 Stat. 1895) as they concern demurrage, while safeguarding 
    the interests of shippers and receivers subject to market dominant 
    carriers. Two alternative proposals suggested by the ICC are not being 
    adopted.
    
    DATES: This decision is effective on April 28, 1996.
    
    FOR FURTHER INFORMATION CONTACT: Joseph H. Dettmar, (202) 927-5660. 
    [TDD for the hearing impaired: (202) 927-5721.]
    
    SUPPLEMENTARY INFORMATION: Additional information is contained in the 
    Board's decision. To purchase a copy of the full decision, write to, 
    call, or pick up in person from: DC News & Data, Inc., Room 2229, 1201 
    Constitution Avenue, N.W., Washington, DC 20423. Telephone: (202) 289-
    4357. [Assistance for the hearing impaired is available through TDD 
    services (202) 927-5721.]
    
        Authority: 49 U.S.C. 10706.
    
        Decided: March 20, 1996.
    
        By the Board, Chairman Morgan, Vice Chairman Simmons, and 
    Commissioner Owen.
    Vernon A. Williams,
    Secretary.
    [FR Doc. 96-7709 Filed 3-28-96; 8:45 am]
    BILLING CODE 4915-00-P
    
    

Document Information

Effective Date:
4/28/1996
Published:
03/29/1996
Entry Type:
Notice
Action:
Withdrawal of antitrust immunity.
Document Number:
96-7709
Dates:
This decision is effective on April 28, 1996.
Pages:
14200-14200 (1 pages)
Docket Numbers:
Ex Parte No. 462
PDF File:
96-7709.pdf