Function of the Cost and Value of Service in Air Freight Rate Making

One of the most fundamental problems confronting the public, management, and regulatory bodies connected with the function of transporting persons, property, and mail is the problem of rate making. The subject has such broad implications that it cannot be considered as being of concern only to the shipper, the carrier, or the governmental agencies, but is also related to the needs of the general public. The history of rate making during the last seventy years indicates the magnitude of the problem. Congress, the courts, regulatory bodies, industry, and the academic world have examined every detail of the rate-making process. The wide differences of opinion on basic issues aptly illustrate the difficulties encountered in developing and administering a rate-making system designed to meet the requirements of everyone concerned.