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The Staggers Rail Act: Deregulation Of The Transportation Industry

973 Words4 Pages

The Government controls the economy and try to perform the best situation through regulations. Occasionally, rules in the economy are useful, but in some cases these rules may make it worse than good. Then, the best alternative is deregulation that is when the government reduces or eliminates restrictions on business, industries, etc. It happens when the enterprises protest against the government restrictions which hampers their ability to compete. Of course, deregulation is not a fast neither an easy process. It always requires long analysis before implemented. In the United States, deregulations happened in many areas including transportation area. One of the crucial sectors of the industry, which affect all the economy. At some specific types of …show more content…

After that, it was easier for the railroad industry explore markets and new customers. There are some advantages from the deregulation of railroad industry: It allowed the market to establish price, quality and type of service provided by single railroads. This was an absolute chance to compete against each other. There is negotiation now and this way, cheap real deals is possible. The price depends for each shipment, demand and market alternatives. There is promotional sales of transportation. The legalization of services contracts between a particular shipper and an individual railroad for a precise package. However, it still necessary an approbation from the government. New customers for railroad industry generated profit what made it improves its services and looks for merchandises freight. Now the railroad industry can face the growing trucking industry. Merges between various railroads industries being more efficient, reducing cost on moving shipment for long distances. The possibility of abandon unprofitable lines what increased the rentability of the railroad industries. It only provide services where has enough volume of

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