Several of the papers in this volume are concerned with assessing
both the timing and the impacts of deregulation and regulatory
reform in the US transportation sector. Of increasing interest is
the importance of productivity growth and the role played by new
technologies in a more competitive market environment. Four of the
papers in this volume deal directly with these issues in the
context of motor carriers and railroads, two sectors which have
been operating under substantially reduced regulatory constraints
for the past twenty years in the US. Although the financial
condition of US railroads has improved since 1980, there is still
some concern regarding their long run viability as private
enterprises. Accordingly, one of the papers considers the potential
for further reductions in railroad costs through transcontinental
mergers, a controversial issue due to the small number of railroads
that remain in the industry.
General
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