Is the trucking industry a natural monopoly?

Answer According to, a natural monopoly exists when a single producer can produce the most efficient output, per unit, if it controls the entire market. It also assumes that there is... Read More »

Top Q&A For: Is the trucking industry a natural monopoly

Who regulates the trucking industry in the U.S.?

The U.S. Department of Transportation Federal Motor Carrier Safety Administration regulates the trucking industry. It governs federal laws for drivers, vehicles, trucking companies and hazardous ma... Read More »

Is the trucking industry regulated or deregulated?

The trucking industry has regulations at both the federal and state levels, according to the Internal Revenue Service. Federal regulators of the trucking industry include the United States Departme... Read More »

When did the trucking industry begin?

According to the IRS, trucking as an industry began in the late-1800s. The Motor Carrier Act of 1935 allowed the ICC to regulate carriers and drivers. Trucking became a popular form of freight tran... Read More »

What is the accident rate for the trucking industry?

According to the Motor Carrier Management Information System (MCMIS), there were 104,631 nonfatal large truck crashes and 2,412 hazardous placard-related truck crashes in 2009. According to the Fat... Read More »