The article presents information on a round table discussion on transportation and public utility problems. At the morning session, which was concerned with transportation problems, papers were read by James C. Nelson, Washington State College, on the subject, "Patterns of Competition and Monopoly in Present-day Transport and Implications for Public Policy," and by Ernest W. Williams, Columbia University, on "The Maintenance of Adequate Rail Rate Levels in the Future." The afternoon session was devoted to puplic utility problems, with papers by William M. Duffus, Ohio State University, on "The Place of the Government Corporation in the Public Utility Industries," and by Ralph K Badger, Ralph K. Badger Associates, on the "The Rate of Return." James C. Nelson stated that the past emphasis on high fixed costs and monopoly as the important factors in the field of railroad eco- nomics is no longer warranted. He said that the current public policy of restricting entry into service and operations by transportation com- panies has raised doubts about the efficient and economical functioning of the system. Truman C. Bigham said that railroad revenue cases should be ap- proached from the standpoint of inherent advantage or relative econ- omy and fitness. This means, as already recognized by some of the lead- ing companies, that the railroads should not attempt to raise funds for the financing of services more economically provided by other modes of transport.