Announcement of the Establishment of Emergency Board No. 214 To Investigate a Railroad Labor Dispute
President today announced the creation, effective
Port Authority Trans-Hudson Corporation (PATH) is a wholly owned subsidiary of
the Port Authority of New York and
PATH acquired the bankrupt Hudson and Manhattan Railroad in 1962 and initiated long-range rehabilitation. In 1963, the first year of operation of the system by PATH, its deficit was $2.3 million. The operating deficit has been increasing continually and is borne by the port authority.
The President, by Executive order, created the emergency board pursuant to appropriate requests as mandated by the Railway Labor Act. The emergency board procedures of the Railroad Labor Act applicable to commuter railroads provide that the Board will report its findings and recommendations for settlement to the President within 30 days of its creation. The parties must then consider the recommendations of the emergency board and endeavor to resolve their differences without engaging in self-help during a subsequent 90-day period.