The Effect of Four Decades of Deregulation on Competition and Productivity of the U.S. Freight Transportation Industry

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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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.

Productivity and Competition in the U.S. Trucking Industry Since Deregulation

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ISBN 13 :
Total Pages : 123 pages
Book Rating : 4.:/5 (863 download)

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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.

The Economic Effects of Surface Freight Deregulation

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Publisher : Brookings Institution Press
ISBN 13 : 0815714386
Total Pages : 80 pages
Book Rating : 4.8/5 (157 download)

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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.

Transportation After Deregulation

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Publisher : Elsevier
ISBN 13 : 9780762307807
Total Pages : 168 pages
Book Rating : 4.3/5 (78 download)

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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.

Sweatshops on Wheels

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Publisher : Oxford University Press, USA
ISBN 13 : 9780195128864
Total Pages : 280 pages
Book Rating : 4.1/5 (288 download)

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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.

Deregulating Freight Transportation

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Publisher : American Enterprise Institute
ISBN 13 : 9780844738963
Total Pages : 254 pages
Book Rating : 4.7/5 (389 download)

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Book Synopsis Deregulating Freight Transportation by : Paul Eric Teske

Download or read book Deregulating Freight Transportation written by Paul Eric Teske and published by American Enterprise Institute. This book was released on 1995 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the effects of government intervention on the operations of the freight transportation industry.

Impact of Deregulation of the Trucking Industry on Small Businesses and Small Truck Owner/operators

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Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.0/5 ( download)

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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:

The Social and Economic Consequences of Deregulation

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Publisher : Praeger
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis The Social and Economic Consequences of Deregulation by : Paul S. Dempsey

Download or read book The Social and Economic Consequences of Deregulation written by Paul S. Dempsey and published by Praeger. This book was released on 1989-09-11 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author discusses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. He examines the issue of whether more deregulation is in the public interest and, if economic deregulation is to be retained, what form it should take. The author's summary and conclusions can be the basis for study of the effects of economic deregulation in the transportation industry. This book can be a resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking. Defense Transportation Journal This book provides a comprehensive assessment of the social nd economic consequences of one of America's most important infrastructure industries--transportation. Dr. Dempsey traces the legal and political movement from regulation to deregulation. He proceeds to review the empirical results of a decade of deregulation upon airlines, railroads, trucking, and bus companies, and the effects of deregulation upon the shipping and traveling public that rely upon them. The book begins with an analysis of the events that led our nation to establish a regime of economic regulation upon the transportation industry. It also examines the metamorphosis toward deregulation and focuses on several areas in which there has been a significant adverse impact, including economic efficiency, pricing, service, and safety. Dempsey's book addresses the question of federal preemption of intrastate transportation and the experience of intrastate deregulation in some states. Dempsey further examines the issue of whether more deregulation is in the public interest and, if economic regulation is to be retained, what form it should take. The book concludes with an analysis of the public interest in transportation, focusing upon the policy objectives essential in accomplishing social and economic goals beyond allocative efficiency. This book is a necessary resource for executives dealing with deregulation in such industries as: transportation, telecommunications, broadcasting, electric utilities, cable television, oil and gas, and securities and banking.

U.S. Freight Rail Economics and Policy

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Publisher : Routledge
ISBN 13 : 0429633645
Total Pages : 309 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis U.S. Freight Rail Economics and Policy by : Jeffrey Macher

Download or read book U.S. Freight Rail Economics and Policy written by Jeffrey Macher and published by Routledge. This book was released on 2019-04-25 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.

The Politics of Deregulation

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Publisher : Brookings Institution Press
ISBN 13 : 9780815723042
Total Pages : 284 pages
Book Rating : 4.7/5 (23 download)

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Book Synopsis The Politics of Deregulation by : Martha Derthick

Download or read book The Politics of Deregulation written by Martha Derthick and published by Brookings Institution Press. This book was released on 2001-06-07 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard wisdom among political scientists has been that "iron triangles" operated among regulatory agencies, the regulated industries, and members of Congress, all presumably with a stake in preserving regulation that protected the industries from competition. Despite almost unanimous agreement among economists that such regulation was inefficient, it seemed highly unlikely that deregulation could occur. Yet between 1975 and 1980 major deregulatory changes that strongly favored competition did take place in a wide range of industries. The results are familiar to airline passengers, users of telephone service, and trucking freight shippers, among others. Martha Derthick and Paul J. Quirk ask why this deregulation happened. How did a diffuse public interest prevail over the powerful industry and union interests that sought to preserve regulation? Why did the regulatory commissions, which were expected to be a major obstacle to deregulation, instead take the initiative on behalf of it? And why did influential members of Congress push for even greater deregulation? The authors concentrate on three cases: airlines, trucking, and telecommunications. They find important similarities among the cases and discuss the implications of these findings for two broader topics: the role that economic analysis has played in policy change, and the capacity of the American political system for transcending narrow interests.

Trucking Industry Deregulation

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Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.0/5 (17 download)

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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 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Freight Transportation

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Freight Transportation by :

Download or read book Freight Transportation written by and published by . This book was released on 2004 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Heavy Traffic

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Publisher : UBC Press
ISBN 13 : 0774842350
Total Pages : 254 pages
Book Rating : 4.7/5 (748 download)

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Book Synopsis Heavy Traffic by : Daniel Madar

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.

Oversight of Freight Rate Competition in the Motor Carrier Industry

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Publisher :
ISBN 13 :
Total Pages : 732 pages
Book Rating : 4.:/5 (4 download)

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Book Synopsis Oversight of Freight Rate Competition in the Motor Carrier Industry by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly

Download or read book Oversight of Freight Rate Competition in the Motor Carrier Industry written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly and published by . This book was released on 1978 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Regulation of the Trucking Industry

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Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.3/5 (91 download)

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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:

Contrived Competition

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Publisher : Belknap Press
ISBN 13 : 9780674169630
Total Pages : 439 pages
Book Rating : 4.1/5 (696 download)

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Book Synopsis Contrived Competition by : Richard H. K. Vietor

Download or read book Contrived Competition written by Richard H. K. Vietor and published by Belknap Press. This book was released on 1996 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how four major firms--American Airlines, El Paso Natural Gas, AT&T, and Bank America--and their respective managements were challenged by the deregulation of markets starting in the late 1970s. The four stories illustrate the dynamic process of market restructuring and organizational adjustment, as well as the ways in which managers and regulators painfully learned to operate effectively as their economic and political environments shifted around them.

Federal Restraints on Competition in the Trucking Industry

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Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.3/5 (121 download)

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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: