Government Regulation of Transportation

Government Regulation of Transportation

Government Regulation of Transportation

Government Regulation of Transportation

Excerpt

The government's relation to business in the United States has become a subject of vital importance to national welfare. It is a question in which the public as a whole is keenly interested, and concerning which, as might be expected, conflicting opinions are held. The present volume deals with one phase of this problem, the government regulation of transportation. For more than half a century, the American people, through their state and Federal governments, have been seeking to formulate and enforce a wise transportation policy, one that not only will minimize misconduct, but will be constructively beneficial to the carriers regulated and to the public they serve.

In adjusting the government's relation to transportation services and their performance, it is necessary for each country to decide whether the financial, economic, and social conditions of the country concerned call for government ownership and operation of railroads and possibly other transportation facilities, or for their private ownership and operation under government regulation. The conditions prevailing in the United States make desirable the continuance of private ownership and operation. For reasons that are stated, it will be to the advantage of the American people to regulate, rather than to perform, transportation services.

To develop and carry out a wise policy of government regulation of transportation, it is necessary to have a clear concept of the objectives to be attained and of the principles that should control legislative and administrative action. For this reason an attempt is made in the early part of this volume to state what those objectives and principles should be. This statement of objectives and principles leads logically to an account of the state and Federal authorities, legislative and judicial, that have jurisdiction in the regulation of transportation and carriers in the United States. The people of the United States have divided legis-

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