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Deregulating transportation: tracking the progress

Journal Article · · Regulation; (United States)
OSTI ID:6758976
Optimism for changes in regulation of the transportation sector is seen in recent deregulation of the air cargo and railroad industries and the anticipated relaxation of airlines and trucking. Congress passed a 1977 bill opening the air cargo industry to all carriers and expanding the discretion allowed operators on routes and charges. While this represents a large change for a small industry, it does demonstrate the public benefits of a free market. The Railroad Revitalization and Regulatory Reform Act of 1976, on the other hand, is a minor adjustment setting new standards for railroad rates to encourage competitive pricing and making it more difficult for a company to abandon lines. Its success will encourage legislators to address air passenger service. A review of past and current airline deregulation efforts concludes that enough support has developed for at least partial success. Deregulation of the trucking industries seems less likely, no proposals now being before Congress. The progress made to date is credited to the persistent and thorough efforts of economists and scholars.
OSTI ID:
6758976
Journal Information:
Regulation; (United States), Journal Name: Regulation; (United States) Vol. 2:2; ISSN REGUD
Country of Publication:
United States
Language:
English