Economic Effects of Surface Freight Deregulation

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 ...