The Motor Carrier Regulatory Reform and Modernization Act of 1980

Flooding the trucking market to ensure only the top companies, owned by former railroad capitalists, could maintain profitability, this eliminated all restrictions to entry allowing massive waves of new companies, and allowed each to set rates, creating a chaotic and unprofitability level of perfect competition. Where the ICC formerly regulated the routes that motor carriers could use and the geographic regions that they could serve to stunt their growth, now truckers could go anywhere and price freely within a “zone of reasonableness”.