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Productivity And Competition In The Us Trucking Industry Since Deregulation
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Book Synopsis Productivity and Competition in the U.S. Trucking Industry Since Deregulation by : Veiko Paul Parming
Download or read book Productivity and Competition in the U.S. Trucking Industry Since Deregulation written by Veiko Paul Parming and published by . This book was released on 2013 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1980 Congress passed the Motor Carrier Act, substantially liberating trucking carriers from a federal regulatory structure that had exercised broad economic control over the industry for over four decades. Changes in the industry were swift and extensive. This thesis returns to the transformational period encompassing the deregulatory and post-deregulatory years. Using the Motor Carrier Annual Reports (Form M) dataset, the thesis sets its focus as physical productivity at the firm level, and analyzes the truckload (TL) and less-than-truckload (LTL) sectors separatIy. The Form M dataset covers the years 1977-1992; the baseline for cumulative analysis is set as 1979, the eve of the Motor Carrier Act. The productivity analysis is contextualized within a wider account of industry changes, including substantial declines in unit costs. The thesis goes on to present a framework for understanding how deregulation engendered changes in competition and productivity. Physical multifactor productivity (MFP) growth in the years 1979-1992 is found to average 1.6% p.a. for TL and 1.0% p.a. for LTL. After initial productivity stagnation, MFP growth from 1983 on was 2.0% and 1.7% p.a. for TL and LTL, respectively. This is suggestive of steady improvement in efficiency, if not a productivity revolution. Although productivity growth was modest, it played a significant role in cutting unit costs. Between 1979-1992 real unit costs declined by 39% for the truckload sector; productivity factors were associated with a 17% reduction while input price factors were responsible for a 20% reduction. For the LTL sector, the decline in unit costs was 17%, with productivity responsible for a 7% drop and input price factors, an 11% drop. The unit cost savings enabled carriers to offer lower real output prices to shippers.
Book Synopsis The Effect of Four Decades of Deregulation on Competition and Productivity of the U.S. Freight Transportation Industry by : Seungjae Shin
Download or read book The Effect of Four Decades of Deregulation on Competition and Productivity of the U.S. Freight Transportation Industry written by Seungjae Shin and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the competition and productivity of the U.S. freight transportation industry for the past 41 years. This study investigated the trends of HHI market concentration index values and labor productivity values of rail and truck sectors and tried to find any relationships between the two values in the separate periods before and after the abolishment of the ICC. This study also investigated how the existence of a regulatory body impacted productivity of the freight transportation industry by using a Cobb Douglas production function on annual financial statement data in the U.S. stock exchange market. This study found that: while the truck sector became more competitive after the abolishment of the ICC, the rail sector became less competitive, both sectors had a strong positive correlation between HHI and labor productivity, and the ICC's abolishment resulted in positive changes of total factor productivity for the truck sector only.
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :356 pages Book Rating :4.:/5 (51 download)
Book Synopsis Trucking Industry Deregulation by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Download or read book Trucking Industry Deregulation written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1986 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 :4.0/5 ( download)
Book Synopsis Impact of Deregulation of the Trucking Industry on Small Businesses and Small Truck Owner/operators by : United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization
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:
Book Synopsis Transportation After Deregulation by : B Starr McMullen
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 168 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.
Book Synopsis Sweatshops on Wheels by : Michael H. Belzer
Download or read book Sweatshops on Wheels written by Michael H. Belzer and published by Oxford University Press, USA. This book was released on 2000 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Long hours, low wages, and unsafe workplaces characterized sweatshops a hundred years ago. These same conditions plague American trucking today. Sweatshops on Wheels: Winners and Losers in Trucking Deregulation exposes the dark side of government deregulation in America's interstate trucking industry. In the years since deregulation in 1980, median earnings have dropped 30% and most long-haul truckers earn less than half of pre-regulation wages. Work weeks average more than sixty hours. Today, America's long-haul truckers are working harder and earning less than at any time during the last four decades. Written by a former long-haul trucker who now teaches industrial relations at Wayne State University, Sweatshops on Wheels raises crucial questions about the legacy of trucking deregulation in America and casts provocative new light on the issue of government deregulation in general.
Download or read book The Big Rig written by Steve Viscelli and published by Univ of California Press. This book was released on 2016-04-12 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Long-haul trucks have been described as sweatshops on wheels. The typical long-haul trucker works the equivalent of two full-time jobs, often for little more than minimum wage. But it wasn’t always this way. Trucking used to be one of the best working-class jobs in the United States. The Big Rig explains how this massive degradation in the quality of work has occurred, and how companies achieve a compliant and dedicated workforce despite it. Drawing on more than 100 in-depth interviews and years of extensive observation, including six months training and working as a long-haul trucker, Viscelli explains in detail how labor is recruited, trained, and used in the industry. He then shows how inexperienced workers are convinced to lease a truck and to work as independent contractors. He explains how deregulation and collective action by employers transformed trucking’s labor markets--once dominated by the largest and most powerful union in US history--into an important example of the costs of contemporary labor markets for workers and the general public.
Book Synopsis The Economic Effects of Surface Freight Deregulation by : Clifford Winston
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.
Download or read book Heavy Traffic written by Daniel Madar and published by UBC Press. This book was released on 2011-11-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada and the United States exchange the world's highest level of bilateral trade, valued at $1.4 billion a day. Two-thirds of this trade travels on trucks. Heavy Traffic examines the way in which the regulatory reform of American and Canadian trucking, coupled with free trade, has internationalized this vital industry. Before deregulation, restrictive entry rules had fostered two separate national highway transportation markets, and most international traffic had to be exchanged at the border. When the United States deregulated first, the imbalance between its opened market and Canada's still-restricted one produced a surprisingly difficult bilateral dispute. American deregulation was motivated by domestic incentives, but the subsequent Canadian deregulation blended domestic incentives with transborder rate comparisons and concerns about trade competitiveness. Daniel Madar shows that deregulation created a de facto regime of free trade in trucking services. Removing regulatory barriers has enabled Canadian and American carriers to follow the expansion of transborder traffic that began with the Canada-US Free Trade Agreement and continues with NAFTA. The services available with deregulated trucking have also supported sweeping changes in industrial logistics. As transborder traffic has surged, the two countries' carriers -- from billion-dollar corporations to family firms -- have exploited the latitude provided by deregulation. This book is a valuable contribution to our understanding of the policy processes and economic conditions that led to trucking deregulation. As a study in public policy formation and the international effects of reform, it will be of interest to students and scholars of political economy, international relations, and transportation.
Book Synopsis Successful Trucking After Deregulation by : Thomas James Hays
Download or read book Successful Trucking After Deregulation written by Thomas James Hays and published by Standard Publishing Corporation. This book was released on 1995-01-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: SUCCESSFUL TRUCKING AFTER DEREGULATION is a how-to book to help trucking companies establish their own prices & compete in an unregulated market. Prior to January 1, 1995, rates for intrastate trucking were set or approved by the government. With abandonment of price controls, members of the trucking industry can set their own prices. The book describes types of competition, strategies to meet price competition & illustrates methods to determine cost & rates for pricing by individual carriers. It describes carrier relationships, vehicle leasing & private carrier opportunities. It specifies what to expect from shippers & leasing companies & it provides methods for motor carriers to reduce cost, improve productivity & increase profit in an unregulated environment. To order: Pacific Standard Publishing Co., P.O. Box 1929, Sutter Creek, CA 95685.
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :1446 pages Book Rating :4.0/5 (18 download)
Book Synopsis Examining Current Conditions in the Trucking Industry and the Possible Necessity for Change in the Manner and Scope of Its Regulations by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation
Download or read book Examining Current Conditions in the Trucking Industry and the Possible Necessity for Change in the Manner and Scope of Its Regulations written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1980 with total page 1446 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation Publisher : ISBN 13 : Total Pages :356 pages Book Rating :4.3/5 (91 download)
Book Synopsis Economic Regulation of the Trucking Industry by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation
Download or read book Economic Regulation of the Trucking Industry written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation and published by . This book was released on 1979 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Federal Restraints on Competition in the Trucking Industry by : United States. Congress. Senate. Committee on the Judiciary
Download or read book Federal Restraints on Competition in the Trucking Industry written by United States. Congress. Senate. Committee on the Judiciary and published by . This book was released on 1980 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Braking the Special Interests by : Dorothy Robyn
Download or read book Braking the Special Interests written by Dorothy Robyn and published by University of Chicago Press. This book was released on 1987 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1980 Congress voted to eliminate the federal system of protective regulation over the powerful trucking industry, despite fierce opposition. This upset marked a rare example in American politics of diffuse public interests winning out over powerful economic lobbies. In Braking the Special Interests Dorothy Robyn draws upon firsthand observations of formal proceedings and behind-the-scenes maneuverings to illuminate the role of political strategy in the landmark trucking battle. Robyn focuses her analysis on four elements of strategy responsible for the deregulator's victory—elements that are essential, she argues, to any successful policy battle against entrenched special interests: the effective use of economic data and analysis to make a strong case for the merits of reform; the formation and management of a diverse lobbying coalition of firms and interest groups; presidential bargaining to gain political leverage; and transition schemes to reduce uncertainty and cushion the blow to losers. Drawing on political and economic theory, Braking the Special Interests is an immensely rich and readable study of political strategy and skill, with general insights relevant to current political battles surrounding trade, agriculture, and tax policies. Robyn's interdisciplinary work will be of great value to scholars and practitioners of politics, economics, and public policy.
Book Synopsis Transportation After Deregulation by : B Starr McMullen
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 161 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.
Book Synopsis Trucking Industry Deregulation by : Robert W. Byrd
Download or read book Trucking Industry Deregulation written by Robert W. Byrd and published by . This book was released on 1980 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation Publisher : ISBN 13 : Total Pages :1650 pages Book Rating :4.3/5 (91 download)
Book Synopsis Examining Current Conditions in the Trucking Industry and the Possible Necessity for Change in the Manner and Scope of Its Regulations by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation
Download or read book Examining Current Conditions in the Trucking Industry and the Possible Necessity for Change in the Manner and Scope of Its Regulations written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1980 with total page 1650 pages. Available in PDF, EPUB and Kindle. Book excerpt:
