One can only observe with fascination that the transportation industry has come full circle, from its genesis in an unrestrained laissez faire economic environment, through almost a century of comprehensive governmental regulation of entry, rates and other corporate activity, and now back to the...

Recent federal legislation, expansively interpreted by the Interstate Commerce Commission, has significantly deregulated interstate transportation. This legislation has largely pre-empted state jurisdiction over intrastate air, rail and bus carriage, but has left intrastate regulation of the...