US Freight Transportation Policy The history of the public policy on transportation indicates that after World War I, the federal government began nationalizing the railroads and even after the war the government provided subsidies to the ailing railroads. The major concern was to ensure the profitability of the railroads. An act on transportation in 1920 basically cartelized the rail industry and saw the establishment of a fair rate of return. A carrier act in 1935 required any trucker who wanted to venture into transportation to obtain a certificate of public convenience and necessity from ICC to start their operations. Any trucker who…
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