The Economic Effects Of Surface Freight Deregulation

Author : Clifford Winston
Publisher : Brookings Institution Press
ISBN 13 : 0815714386
Total Pages : 80 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Economic Effects of Surface Freight Deregulation written by Clifford Winston and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Clifford Winston
Publisher : Brookings Institution Press
ISBN 13 : 9780815714385
Total Pages : 92 pages
Book Rating : 4.86/5 ( download)

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Download or read book The Economic Effects of Surface Freight Deregulation written by Clifford Winston and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Nancy L. Rose
Publisher :
ISBN 13 : 9781330851722
Total Pages : 44 pages
Book Rating : 4.22/5 ( download)

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Download or read book An Economic Assessment of Surface Freight Transportation Deregulation (Classic Reprint) written by Nancy L. Rose and published by . This book was released on 2015-07-06 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from An Economic Assessment of Surface Freight Transportation Deregulation Regulatory reforms during the late 1970 sand early1980s dramatically transformed the structure and performance of the U.S. surface freight transportation industry. After four decades of gradual decline, the number of firms in the interstate trucking industry exploded, increasing from 16,000 in 1975 to more than 33,000 in 1985. Real trucking rates fell nearly 20 percent over the same period. Deregulation of the rail industry led to mergers and consolidations that have slashed the number of large (Class I) carriers from 73 in 1975 to 26 in 1985. At the same time that real average revenue per ton-mile declined by 21 percent, real net railway operating income rose by over 160 percent. The structural and performance changes associated with transport "deregulation" generated substantial redistributions of wealth among carriers, labor, shippers, and final customers and dramatically altered the costs and organization of transportation services. Many of these consequences were anticipated in the debate over deregulation; others have emerged during the regulatory transition. In general, economic deregulation has led to net social benefits. However, three issues-- motor carrier safety, railroad pricing for captive shippers, and increased concentration in both industries-- have attracted growing public attention and raised questions about the desirability of competitive transportation industries. This study surveys the current state of the U.S. trucking and railroad industries and discusses developments that may merit policy attention. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : B Starr McMullen
Publisher : Elsevier
ISBN 13 : 9780080545516
Total Pages : 160 pages
Book Rating : 4.13/5 ( download)

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Download or read book Transportation After Deregulation written by B Starr McMullen and published by Elsevier. This book was released on 2001-09-12 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several of the papers in this volume are concerned with assessing both the timing and the impacts of deregulation and regulatory reform in the US transportation sector. Of increasing interest is the importance of productivity growth and the role played by new technologies in a more competitive market environment. Four of the papers in this volume deal directly with these issues in the context of motor carriers and railroads, two sectors which have been operating under substantially reduced regulatory constraints for the past twenty years in the US. Although the financial condition of US railroads has improved since 1980, there is still some concern regarding their long run viability as private enterprises. Accordingly, one of the papers considers the potential for further reductions in railroad costs through transcontinental mergers, a controversial issue due to the small number of railroads that remain in the industry.

Author : Steven Morrison
Publisher : Brookings Institution Press
ISBN 13 : 9780815708063
Total Pages : 100 pages
Book Rating : 4.68/5 ( download)

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Download or read book The Economic Effects of Airline Deregulation written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.

Author : United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.1A/5 ( download)

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Download or read book Impact of Deregulation of the Trucking Industry on Small Businesses and Small Truck Owner/operators written by United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization and published by . This book was released on 1988 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Andrew N. Kleit
Publisher : DIANE Publishing
ISBN 13 : 1428954341
Total Pages : 63 pages
Book Rating : 4.42/5 ( download)

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Download or read book Disentangling regulatory policy : the effects of state regulations on trucking rates written by Andrew N. Kleit and published by DIANE Publishing. This book was released on 1994 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Nancy L. Rose
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.02/5 ( download)

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Download or read book An Economic Assessment of Surface Freight Transportation Deregulation written by Nancy L. Rose and published by . This book was released on 1988 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Steven Morrison
Publisher : Brookings Institution Press
ISBN 13 : 0815708068
Total Pages : 97 pages
Book Rating : 4.63/5 ( download)

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Download or read book The Economic Effects of Airline Deregulation written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.

Author : Washington (State). Public Transportation and Planning Division
Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.23/5 ( download)

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Download or read book Impacts of Truck and Railroad Deregulation on Transportation Operations and Economic Activity in the State of Washington written by Washington (State). Public Transportation and Planning Division and published by . This book was released on 1982 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: