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A Short Note On The Transportation Act Of 1982

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1980 The Motor Carrier Act of 1980 partly deregulated the trucking industry. In the decade after deregulation, the competition in trucking was fierce. There were not only hundreds of new companies, but also the formerly gentlemanly manner in which the big players dealt with each other became a battle to the death. Ten years after trucking was deregulated, one third of the 100 largest trucking companies were out of business, casualties of the fierce competition.
1982 The Surface Transportation Act of 1982 set uniform size and weights limits for the trucking industry nationwide. Under this law, trucks that use interstate highways may not weigh in.
1994 North American Free Trade Agreement (NAFTA) passed and resulted in explosive trade with …show more content…

Related to the driver shortage is driver turnover. American Trucking Assn reported that in the third quarter of 2004, large Truck Load (TL) line haul driver turnover hit a new all-time high of 121 annualized percent. Sales of heavy-duty trucks/tractors surged 59.8% in August 2004 to their highest level in more than four years, driven largely by replacement orders from fleets that held onto aging trucks during the 2001 recession and after.

Overview
Trucking serves as a barometer of the U.S. economy, representing 69.1% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 9.7 billion tons of freight in 2013. Motor carriers collected $681.7 billion, or 81.2% of total revenue earned by all transport modes.
Over the next decade, overall U.S. freight outlook tonnage will rise nearly 25% and revenues from that freight will surge above 70%, per the latest long-term freight forecast released by the American Trucking Association. Growth in overall freight volume is pegged at 2.8% per year from 2014 to 2019, then it tapers off to 1.0% during the next six years, through 2025, Trucking’s share of that increase will be from 69.1% in 2013 to 71.4% in 2025
The dynamics of the trucking industry are

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