How does the ICC termination act effect the trucking industry?

Answer by  patti (29325)

The ICC since 1935 regulated drivers and carriers,controlled operator permits, approved routes and set up a system of tariffs. The termination of the ICC in 1995 did away with all that, deregulated the industry and transfered responsibility for to the DOT.

Answer by  mammakat (11147)

There are so many ramifications to this act that I can't answer here. If you are union, please consult your rep. If not, you will need to research this further.

Answer by  Jalaine11 (2043)

The ICC termination eliminated all financial and law making control that the ICC had over the trucking industry. This act of termination also abolished the ICC. Since this termination a motor carrier only has to register with the Department of Transportation and meet the requirements set by their State for insurance and other issues.