The Economic Effects of Surface Freight Deregulation

The Economic Effects of Surface Freight Deregulation PDF

Author: Clifford Winston

Publisher: Brookings Institution Press

Published: 2010-12-01

Total Pages: 80

ISBN-13: 0815714386

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For close to 100 years, America's surface freight industries, primarily rail and trucking, operated under the protective wing of the U.S. government. In 1980 Congress, finding vast inefficiencies in the two industries, substantially deregulated both, opening them at last to market competition. Deregulation has brought with it many changes—for firms within the industries, for their labor force, and for shippers and their customers. Clifford Winston, Thomas M. Corsi, Curtis M. Grimm, and Carol A Evans provide a comprehensive evaluation of the effect of the deregulation legislation on the rail and trucking industries. According to the authors, deregulation has made substantial progress in solving the two most vexing problems of the surface freight transportation industry—excessive rates in the trucking industry and insufficient returns on investment in the rail industry. Competition and efficiency have returned to both industries, and although the labor force in each has suffered wage and job losses, shippers and their customers have gained roughly $20 billion a year in benefits. The authors recommend policies that would continue to promote competition and the efficient use of highway and railway infrastructure.

Railroad Law a Decade After Deregulation

Railroad Law a Decade After Deregulation PDF

Author: Frank J. Dooley

Publisher: Praeger

Published: 1994-11-22

Total Pages: 216

ISBN-13:

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Railroads, our first large corporations, are rapidly adapting to the deregulated climate of the 1990s. As we approach the 21st century, this book tells the story of the changing role of railroads in our economy and how the law has changed to meet the new competitive environment. Topics include abandonment and extension, railway labor law, rail passenger service, short line spinoffs, special problems of railroad employment and parallel deregulatory activity in Canada. The authors deal with the changing railroad environment by describing the rail network of today, which has shrunk in route-miles but is in better shape than at any time since World War II. The changing role of rail employment is discussed, as well as government operation of Amtrak and commuter rail services. What regulation remains with the Interstate Commerce Commission and Federal Railroad Administration is described in detail. Finally, the authors go north of the border to show how Canada is facing rail deregulation and how Canadian railroads are playing a major part in the U.S. transportation scene. The authors close with a look at railroading as we approach the 21st century. Dooley and Thoms have written a comprehensive book for lawyers and rail enthusiasts alike.

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