Rapid Truck Leasing, Inc. v. Illinois Commerce Commission

On September 5,1975, Rapid Truck Leasing, Inc., a regulated motor carrier, petitioned the Illinois Commerce Commission to purchase all the outstanding stock of Goodwine Trucking Co., also a regulated motor carrier, pursuant to the provisions of section 18 — 309 of the Illinois Vehicle Code (Ill. Rev. Stat. 1975, ch. 95M, par. 18 — 309). In an order dated May 4, 1977, rendered at the conclusion of public hearings, the commission authorized Rapid Truck to acquire control of Goodwine, but limited the operating authority of Goodwine in contrast to the authority granted in the certificate…