| Show PRICES COMPETITION AND REGULATION Q Would competition increase increase increase in in- crease and prices go down downif if Interstate Commerce Commission regulation of the trucking industry were lifted A. A The long term result transportation experts say would be less competition and increased prices Most trucking companies today are small businesses According to the American Trucking Associations more than 75 per cent of the regulated motor carriers carriers car carriers in this country have gross annual revenues under Without regulation regulation regula regula- tion these small firms would find themselves in price wars with a rash of new inexperienced carriers that would set unrealistically cally tally low prices In a few years the small companies would kill each other off and only a few giants would survive With little competition and no regula regula- tion these large carriers would be free to raise prices a at will twill I g r r The Interstate Commerce Commission acts as a safety valve It prot protects the public by allowing new carriers into into into in in- to the field only as they are needed Even under this se selective selective entry system nearly 1000 applications for operating operating operating oper oper- authority were approved approved ap proved in 1974 With numbers like that its it's difficult to argue that government regulation stifles competition |
