(Course Name and Number) (Date Submitted)
Background of Trucking Deregulation in the US
Trucking was primarily a highly regulated industry in the United States (US), mainly because rail freight was initially preferred for transporting goods, particularly heavy materials. The Motor Carrier Act of 1935 imposed a restriction on the entry of new players in the trucking industry and the specification of certain truck routes under the administration of the Interstate Commerce Commission (ICC). Yet, the emergence of antitrust laws towards the 1950s and the growing financial stability of the trucking industry led to the passage of the Reed-Bullwinkle Act. The Reed-Bullwinkle Act further oversaw the growing prosperity ...
