Excerpt from An Economic Assessment of Surface Freight Transportation Deregulation Understanding the regulatory environment in which motor carriers and railroads operated is essential to an informed discussion of the effects of regulatory reform in these industries. Although the ICC exercised authority over prices, entry, and exit in both industries, the regulatory environment in which trucking firms operated differed dramatically from that imposed on railroads. This led to quite disparate performance, and consequently different political interests, in the two industries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.