The Economic Effects of Surface Freight Deregulation PDF Download
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Author: Clifford Winston
Publisher: Brookings Institution Press
ISBN: 0815714386
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
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: 0815714386
Category : Business & Economics
Languages : en
Pages : 80
Get Book Here
Book Description
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: Yong Li
Publisher:
ISBN:
Category :
Languages : en
Pages : 72
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Book Description
Over the past two decades, the deregulation of surface transport at both national and international levels has gathered momentum, particularly within the United States and European Union. The structural and performance changes associated with transport deregulation generated substantial redistribution 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 regulation has led to net social benefits. This thesis will discuss the origin of transportation regulation and the forces for regulatory reform. The effects of the removal of economic control are assessed. It also examines the issues emerging after the deregulation and possibility for re-regulation in an effort to enhance safety and reduce the environmental impact of surface transport.
Author: Clifford Winston
Publisher: Brookings Institution Press
ISBN: 9780815714385
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
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: 9780364326398
Category : Reference
Languages : en
Pages : 42
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Book Description
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Publisher:
ISBN:
Category : Trucking
Languages : en
Pages : 368
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Book Description
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization
Publisher:
ISBN:
Category : Small business
Languages : en
Pages : 236
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Book Description
Author: Steven Morrison
Publisher: Brookings Institution Press
ISBN: 9780815708063
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
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: Nancy L. Rose
Publisher:
ISBN:
Category : Railroads
Languages : en
Pages : 34
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Book Description
Author: Paul Eric Teske
Publisher: American Enterprise Institute
ISBN: 9780844738963
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
This book examines the effects of government intervention on the operations of the freight transportation industry.
Author: Stephen J. Thompson
Publisher:
ISBN:
Category : Railroads and state
Languages : en
Pages : 24
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Book Description
Discusses the effects of reduced economic regulation on surface transportation carriers, trucking, railroads and intercity bus service.
