Government and Transportation Legal Forms of Transportation Common Carrier Obligations Economic Regulation Social Regulation Other Regulations Promotion.

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Presentation transcript:

Government and Transportation Legal Forms of Transportation Common Carrier Obligations Economic Regulation Social Regulation Other Regulations Promotion

Government and Transportation Legal Forms of Transportation Common Carrier Contract Exempt Private

Government and Transportation Common Carrier Obligations To Serve To Deliver To Charge Reasonable Rates To Not Discriminate

Government and Transportation Economic Regulation What is Regulation of Transportation? Why Regulate Transportation? How is Transportation is Regulated? Who Regulates?

Government and Transportation Economic Regulation Market Entry Market Exit Rates and Fares Service Levels Mergers and Acquisitions Accounting and Finance

Government and Transportation Social Regulation Truck Weights and Lengths Speed Limits Employee Hours of Work Hazardous Materials Other

Government and Transportation Other Regulations Collective Bargaining Licensing and Zoning Employee Safety Environmental Protection

Government and Transportation Why Regulate Transportation? Importance to Economy and Society in General Failure of the Free Market to Work Monopoly Tendencies Railroads (1887) Pipelines (1906) Deep Water Shipping (1916) Destructive Competition Motor Carriers (1935) Airlines (1938) Barge Operators (1940) Freight Forwarders (1942)

Government and Transportation Promotion Rationale for Government Promotion Methods of Promotion Promotion vs Subsidy

Government and Transportation Why Promote Transportation? General Importance Capital Requirements The Way Factor Mode ‑ Specific Reasons

Government and Transportation Capital Requirements The Way Terminals Vehicles

Government and Transportation The Way Factor Massive Land Requirements Need To Avoid Duplication Multiple Users Private Vs For ‑ Hire

Government and Transportation Mode ‑ Specific Reasons To Develop the Country(RR) To Develop a Mode(AL) To Promote Competition(WC) Joint Efforts Flood Control(WC) Recreation(WC) National Defense(All)

Government and Transportation How Is Transportation Promoted? Financing the Way Operating the Way Financing Terminals Operating Terminals Financing Operating Costs Government Ownership Research and Development Other

Government and Transportation Promotion Vs Subsidy All Subsidy is a form of Promotion, but Not all Promotion is Subsidy