Consumer Interests Transportation Act

[AI summary unavailable — showing source text] Consumer Interests Transportation Act - Title I: Rate Matters - Makes technical amendments to the Interstate Commerce Act regarding disposition of railroad carrier, rates within specified time periods, competitive and compensatory rates, and modernizing accounting systems. Title II: Energy Savings and Efficiency Under Operating Authorities - Repeals specified restrictions with respect to the provision of motor carrier service by carriers by railroad. Directs the Interstate Commerce Commission to promulgate regulations pursuant to which it shall: (1) consider cost and rate advantages, if any, reasonably to be expected to result from the granting of any application; (2) so construct grants of authority as to permit efficient, flexible service under such authorities, and in markets to be served by the proposed operations; (3) utilize the forces of competition to encourage efficiency, economy, and innovation in transport; (4) not deny an application solely or in substantial measure on the grounds that carriers operating under certificates issued under this section prior to the application under consideration have the physical capacity to carry, or an entitlement to carry, all or substa…