Law and Economic Regulation in Transportation.

Dempsey and Thoms provide an authoritative overview of the development of transportation law in the America in the last century. They trace the development of American transportation (including railroads, pipelines, water transport, motor carriers, and airlines), the origins of economic regulation, the changing role of regulators, and the effects of deregulation. Economic regulations are separated into three areas: policing entry and exit from transportation, efforts to keep rates just, reasonable, and nondiscriminatory, and mergers, consolidations, antitrust, and other issues. The limitation of loss, damage, and other tort suits against carriers by legislation is also considered. Other chapters review government operation of railroads from Amtrak and Conrail to commuter trains and local freight lines, the Railway Labor Act and other labor legislation pertinent to the transportation industry, and the sponsorship of urban mass transit by the federal government.