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In this instance, federal regulations apply only to interstate commerce. Commerce which does not involve the crossing of state lines is considered intrastate, and is under the jurisdiction of the respective state's laws. However, most states have adopted intrastate regulations which are identical or very similar to the federal HOS regulations. [22]
The National Motor Freight Classification (NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment.
The trucking industry employs 10 million people (out of a total national population of 300 million) [51] in jobs that relate directly to trucking. The trucking industry is the industry of small business, considering 93 percent of interstate motor carriers (over 500,000) operate 20 or fewer trucks. [52]
The International Registration Plan (IRP) is a truck registration reciprocity agreement between the contiguous United States and Canadian provinces that provides apportioned payments of registration fees, based on the total distance operated in participating jurisdictions, to them.
The Global Industry Classification Standard (GICS) lists transport below the industrials sector. The sector consists of several industries including logistics and air freight or airlines, marine, road and rail, and their respective infrastructures. Entire stock market indexes focus on the sector, like the Dow Jones Transportation Index (DJTA).
Motor carrier deregulation was a part of a sweeping reduction in price controls, entry controls, and collective vendor price setting in United States transportation, begun in 1970-71 with initiatives in the Richard Nixon Administration, carried out through the Gerald Ford and Jimmy Carter Administrations, and continued into the 1980s, collectively seen as a part of deregulation in the United ...
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887.The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies.
Trucking industry in the United States; History of the trucking industry in the United States; Railroad Commission of Texas: State agency formerly responsible for regulation of intrastate trucking; Waco, Texas: CFL was founded in and is currently headquartered in Waco