Although federal policy regarding transportation industries has made significant strides in the past half century, the nods to deregulation over past fifty years pale in comparison to the regulatory burden still felt by America's transportation industries.
The piecemeal deregulation across and amongst transportation enterprises has created imbalances that distort the market, while price controls and antitrust barriers continue to restrict consumer and businesses' maneuverability.
The prolific federal subsidization of commercial transportation further incentivizes regulatory manipulation of markets. In turn, this puts taxpayers on the hook for programs that could be more efficient, less expensive and present no conflict of interest competed in the private market and overseen at the state and local level.
The FAA and TSA both represent bureaucratic obstacles for air transport. Railroads are subject to oversight by the TSB within the DOT and must also appease the ICC and legislative mandates while each industry is subject to a bevy of fees and taxes that are popular targets for revenue-hungry lawmakers.
The Center believes that many of these entities - such as airline security or air traffic control - should be privatized to allow competitive interaction. The myriad ways by which the government manipulates the market to favor one industry or competitor over another is explicit in current transportation policy, and efforts to make enterprises compete in a truly free market will be hard-fought. While some deregulation in parts of transportation sector haven shown the success of limited state intervention, regulatory action continues to negate the innately competitive nature of these industries. The Center fights to counteract those efforts.