Local Rail Services Act

[AI summary unavailable — showing source text] Local Rail Services Act - Restricts the termination of rail service over all or a portion of a line of railroad by carriers by railroad covered by the Interstate Commerce Act. Prohibits such rail service termination unless and until the Interstate Commerce Commission has issued a certificate declaring that the present or future public covenience and necessity permit such termination. Authorizes carriers by railroad, under conditions set forth in this Act, to enter into contracts for the joint ownership or joint use of spur, industrial, team, switching, or side tracks. Requires the Interstate Commerce Commission, in its actions requiring carriers by railroad to provide adequate and efficient facilities for the performance of car service, to consider the expense involved therein. Requires carriers by railroad to submit to the Commission full and complete diagrams of their transportation systems. Requires that such diagrams identify any line of railroad which a carrier plans to seek authority to abandon or over which it plans to terminate service. Authorizes the provision of Federal financial assistance to eligible States for the purpose of rail service assistance. Limits the Federal …