Living Without Shackles

Airlines are not the only businesses buffeted by deregulation. From bus lines to banking, industries are learning to live without the shackles—or the safety net—of Government rules. And in all cases, stiff price competition has developed where once hardly any existed.

TRUCKING. Since passage in 1980 of legislation that made it easier to get into the trucking business, the number of interstate carriers has jumped 70%, to 30,717. Because of the new competition, the average price of shipping a truckload of freight is 25% to 30% lower than it was four years ago. The price squeeze has been tough on unionized carriers,...

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