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Transport has become a major concern on both social and economic grounds in the late-twentieth century. This concern arises from a perception of the industry's failure to respond to the rapid growth in demand and to the threat of congestion and environmental pollution. A solution has been sought in economic policies dominated by ideas of liberalization and deregulation.
Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses a number of today’s important transportation policy issues, exploring a variety of transportation modes, and examining the policy implications of a number of alternatives. Theodore Keeler had a distinguished career in transportation economics, helping to shape regulatory policies concerning the transportation industries and assessing the appropriateness of various policies. A distinguishing feature of his work is that it always had policy implications. As a tribute to Theodore Keeler, this book examines transportation policy issues across a variety of transportation industries, including aviation, railroads, highways, motor carrier transport, automobiles, urban transit, and ocean shipping. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing an in-depth analysis of some of today’s important transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market’s role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. In addition to examining various transportation policy issues in the U.S., the book explores some approaches to dealing with transportation issues in different parts of the world. Contemporary transportation policy debates have broadened from their initial focus of primarily examining the merits of reforming economic regulations at national levels, to now examining a variety of issues such as alternative methods of social regulation (such as safety regulation and emission controls), new approaches to changing economic regulations, the potential for reforming international regulations, and the appropriate role for government in transportation. Examines transportation policy developments across a variety of modes, including some international analysis Shows how new policy changes, such as changes in regulation, affect overall transportation system performance Features chapters that use innovative methodologies, such as Bayesian techniques, qualitative analysis, and an attribute-incorporated Malmquist productivity index Examines the ways that policy impacts depend on a variety of factors, and shows how economic tools can be used to gain greater insights into the likely impacts of policy and the desirability of various policies Analyzes transport prices, quality of service, safety, the use of information technology and operating issues, highlighting how transportation enhances quality of life
National Research Council (U.S.). Transportation Research Board
Author : National Research Council (U.S.). Transportation Research Board Publisher : Transportation Research Board Page : 332 pages File Size : 29,38 MB Release : 1998 Category : Business & Economics ISBN : 9780309064514
Recognizes the importance of freight transportation to the US and that intermodal freight transportation is a major technological and organizational trend affecting the sector's performance. Examining policy options, this report views that public investment in freight facilities is complex and they have been usually financed by the private sector.
United States. General Accounting Office. Office of Program Analysis
Author : United States. General Accounting Office. Office of Program Analysis Publisher : Page : 88 pages File Size : 41,82 MB Release : 1975 Category : Transportation ISBN :
TRB Special Report 267 - Regulation of Weights, Lengths, and Widths of Commercial Motor Vehicles recommends the creation of an independent public organization to evaluate the effects of truck traffic, pilot studies of new truck designs, and a change in federal law authorizing states to issue permits for operation of larger trucks on the Interstates. In 1991, Congress placed a freeze on maximum truck weights and dimensions. Some safety groups were protesting against the safety implications of increased truck size and weight, and the railroads were objecting to the introduction of vehicles they deemed to have an unfair advantage. Railroads, unlike trucking firms, must pay for the capital costs of their infrastructure. The railroads contend that large trucks do not pay sufficient taxes to compensate for the highway damage they cause and the environmental costs they generate. Although Congress apparently hoped it had placed a cap on maximum truck dimensions in 1991, such has not proven to be the case. Carriers operating under specific conditions have been able to seek and obtain special exceptions from the federal freeze by appealing directly to Congress (without any formal review of the possible consequences), thereby encouraging additional firms to seek similar exceptions. In the Transportation Equity Act for the 21st Century, Congress requested a TRB study to review federal policies on commercial vehicle dimensions. The committee that undertook the study that resulted in Special Report 267 found that regulatory analyses of the benefits and costs of changes in truck dimensions are hampered by a lack of information. Regulatory decisions on such matters will always entail a degree of risk and uncertainty, but the degree of uncertainty surrounding truck issues is uunusually high and unnecessary. The committee concluded that the uncertainty could be alleviated if procedures were established for carrying out a program oof basic and applied research, and if evaluation and monitoring were permanent components of the administration of trucking regulations. The committee recommended immediate changes in federal regulations that would allow for a federally supervised permit program. The program would permit the operation of vehicles heavier than would normally be allowed, provided that the changes applied only to vehicles with a maximum weight of 90,000 pounds, double trailer configurations with each trailer up to 33 feet, and an overall weight limit governed by the federal bridge formula. Moreover, enforcement of trucks operating under such a program should be strengthened, and the permits should require that users pay the costs they occasion. States should be free to choose whether to participate in the permit program. Those that elected to do so would be required to have in place a program of bridge management, safety monitoring, enforcement, and cost recovery, overseen by the federal government. The fundamental problem involved in evaluating proposals for changes in truck dimensions is that their effects can often only be estimated or modeled. The data available for estimating safety consequences in particular are inadequate and probably always will be. Thus, the committee that conducted this study concluded that the resulting analyses usually involve a high degree of uncertainty. What is needed is some way to evaluate potential changes through limited and carefully controlled trials, much as proposed new drugs are tested before being allowed in widespread use. The committee recommended that a new independent entity be created to work with private industry in evaluating new concepts and recommending changes to regulatory agencies. Limited pilot tests would be required, which would need to be carefully designed to avoid undue risks and ensure proper evaluation. Special vehicles could be allowed to operate under carefully controlled circumstances, just as oversize and overweight vehicles are allowed to operate under special permits in many states. Changes in federal laws and regulations would be required to allow states to issue such permits on an expanded network of highways, under the condition that a rigorous program of monitoring and evaluation be instituted.Special Report 269 Summary
A methodology for measuring the cost of capital, calculating the measure of market risk, and estimating the impact of various regulatory regimes on market risk in the transport sector.
TRB Special Report 267 - Regulation of Weights, Lengths, and Widths of Commercial Motor Vehicles recommends the creation of an independent public organization to evaluate the effects of truck traffic, pilot studies of new truck designs, and a change in federal law authorizing states to issue permits for operation of larger trucks on the Interstates. In 1991, Congress placed a freeze on maximum truck weights and dimensions. Some safety groups were protesting against the safety implications of increased truck size and weight, and the railroads were objecting to the introduction of vehicles they deemed to have an unfair advantage. Railroads, unlike trucking firms, must pay for the capital costs of their infrastructure. The railroads contend that large trucks do not pay sufficient taxes to compensate for the highway damage they cause and the environmental costs they generate. Although Congress apparently hoped it had placed a cap on maximum truck dimensions in 1991, such has not proven to be the case. Carriers operating under specific conditions have been able to seek and obtain special exceptions from the federal freeze by appealing directly to Congress (without any formal review of the possible consequences), thereby encouraging additional firms to seek similar exceptions. In the Transportation Equity Act for the 21st Century, Congress requested a TRB study to review federal policies on commercial vehicle dimensions. The committee that undertook the study that resulted in Special Report 267 found that regulatory analyses of the benefits and costs of changes in truck dimensions are hampered by a lack of information. Regulatory decisions on such matters will always entail a degree of risk and uncertainty, but the degree of uncertainty surrounding truck issues is uunusually high and unnecessary. The committee concluded that the uncertainty could be alleviated if procedures were established for carrying out a program oof basic and applied research, and if evaluation and monitoring were permanent components of the administration of trucking regulations. The committee recommended immediate changes in federal regulations that would allow for a federally supervised permit program. The program would permit the operation of vehicles heavier than would normally be allowed, provided that the changes applied only to vehicles with a maximum weight of 90,000 pounds, double trailer configurations with each trailer up to 33 feet, and an overall weight limit governed by the federal bridge formula. Moreover, enforcement of trucks operating under such a program should be strengthened, and the permits should require that users pay the costs they occasion. States should be free to choose whether to participate in the permit program. Those that elected to do so would be required to have in place a program of bridge management, safety monitoring, enforcement, and cost recovery, overseen by the federal government. The fundamental problem involved in evaluating proposals for changes in truck dimensions is that their effects can often only be estimated or modeled. The data available for estimating safety consequences in particular are inadequate and probably always will be. Thus, the committee that conducted this study concluded that the resulting analyses usually involve a high degree of uncertainty. What is needed is some way to evaluate potential changes through limited and carefully controlled trials, much as proposed new drugs are tested before being allowed in widespread use. The committee recommended that a new independent entity be created to work with private industry in evaluating new concepts and recommending changes to regulatory agencies. Limited pilot tests would be required, which would need to be carefully designed to avoid undue risks and ensure proper evaluation. Special vehicles could be allowed to operate under carefully controlled circumstances, just as oversize and overweight vehicles are allowed to operate under special permits in many states. Changes in federal laws and regulations would be required to allow states to issue such permits on an expanded network of highways, under the condition that a rigorous program of monitoring and evaluation be instituted.Special Report 269 Summary
Author : American Bar Association. House of Delegates Publisher : American Bar Association Page : 216 pages File Size : 45,90 MB Release : 2007 Category : Law ISBN : 9781590318737
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.