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Freightmaster1

Freightmaster1

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www.freightwaves.com

Freight recession unlike any other in history

The proliferation of freight brokerages is giving truckers a lifeline.
www.freightwaves.com www.freightwaves.com



Trucking deregulation led to the need for freight brokerages ​


The Motor Carrier Act of 1980 deregulated the trucking industry. In addition to all the other changes generated by trucking deregulation, it led to the development of the freight brokerage industry as we know it today.


Prior to deregulation, the trucking industry was highly regulated by the Interstate Commerce Commission, or ICC. From 1935 to 1980, the ICC set the rates and routes of interstate carriers. The ICC even mandated the types of freight trucking companies could haul. Also, in most circumstances, backhauls were not allowed.


Therefore, there was little need for freight brokers during the reign of the ICC. But by the 1970s, many believed that competition was being strangled by the ICC and that freight rates were too high because the industry was so tightly regulated.


Those circumstances led to President Jimmy Carter and Congress working together to deregulate the trucking industry, as well as the airline and railroad industries.


The Motor Carrier Act of 1980 made the trucking industry much more competitive as the ICC yoke was removed. Of the 18,000 trucking companies in existence at that time, many went out of business in the newly competitive environment. However, thousands of new trucking companies were started.


The results were lower shipping rates and the start of a greater use of backhauls.

:hissyfit:
 
Brokers, or 3PL’s, do nothing but take bigger percentage themselves and create bidding wars for trucks looking for freight. And since the 80’s, has anyone seen the price of anything sold cheaper because of lower freight rates?
 
Puff Driver said:
Na, you union guys get so twisted so easily anytime someone has something negative about your unions..
You fall for it every time...
Click to expand...
I notice you just go around talking the same crap. I didn't fall for anything. Being retired I don't get twisted unless I get a 40oz cold one .
Catfish Beer Fish GIF
with a twist top.
 
Last edited:
Freightmaster1 said:
www.freightwaves.com

Freight recession unlike any other in history

The proliferation of freight brokerages is giving truckers a lifeline.
www.freightwaves.com www.freightwaves.com



Trucking deregulation led to the need for freight brokerages ​


The Motor Carrier Act of 1980 deregulated the trucking industry. In addition to all the other changes generated by trucking deregulation, it led to the development of the freight brokerage industry as we know it today.


Prior to deregulation, the trucking industry was highly regulated by the Interstate Commerce Commission, or ICC. From 1935 to 1980, the ICC set the rates and routes of interstate carriers. The ICC even mandated the types of freight trucking companies could haul. Also, in most circumstances, backhauls were not allowed.


Therefore, there was little need for freight brokers during the reign of the ICC. But by the 1970s, many believed that competition was being strangled by the ICC and that freight rates were too high because the industry was so tightly regulated.


Those circumstances led to President Jimmy Carter and Congress working together to deregulate the trucking industry, as well as the airline and railroad industries.


The Motor Carrier Act of 1980 made the trucking industry much more competitive as the ICC yoke was removed. Of the 18,000 trucking companies in existence at that time, many went out of business in the newly competitive environment. However, thousands of new trucking companies were started.


The results were lower shipping rates and the start of a greater use of backhauls.

:hissyfit:
Click to expand...
The end of the union in trucking brought to you by the friend of labor democrat party . 🤣
 
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