Deregulation of the Motor Carrier Industry: A Retrospective Analysis
John T. Mentzer, Roger Gomes
Abstract
John T. Mentzer, Roger Gomes
Abstract
The term deregulation, in reference to the (US) Motor Carrier Act 1980, has been used to represent significant reductions in government economic restrictions and government agency involvement in the operations of the transportation industry. Although the Act was a giant step toward regulatory reform, a good deal of statutory regulation did initially remain in place. For the purposes of this article, the term deregulation will be used with the understanding that the deregulated industry is not completely without regulation.
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The term deregulation, in reference to the (US) Motor Carrier Act 1980, has been used to represent significant reductions in government economic restrictions and government agency involvement in the operations of the transportation industry. Although the Act was a giant step toward regulatory reform, a good deal of statutory regulation did initially remain in place. For the purposes of this article, the term deregulation will be used with the understanding that the deregulated industry is not completely without regulation.
Key concepts: Deregulation, Motor carrier, Statutory law, Government (linguistics), Regulatory reform, Agency (philosophy), Regulatory agency, Government regulation