Economic Safety and Compliance Regulations in the Transportation Sector Research Paper

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Transportation Economic, Safety, and Compliance RegulationsThe U.S. Department of Transportation is primarily responsible for implementing safety, economic, and compliance in collaboration with the respective departments. Regulation of the transport sector was first implemented through the railway regulation in 1887 and later in 1906 after John D. Rockefeller’s use of pipelines as a strategic resource to monopolize the oil industry. Regulation of truckers was regulated in 1935 to provide stability to regulate the industry’s finance and operational management. Transport locally and internationally impacts the national and global economic impact due to its interdependence with the supply chain system. Further, ensuring the safety across private and public means of transport due to the accrued hazards for the lack of regulations or compliance.Economic Regulation and ComplianceIn 1994, the National Road Transport Commission (NRTC) formulated compliance principles, strategies, and objectives focused on maximizing compliance with cost-effectively and fairly compliance. The objective of the compliance strategies is to examine areas where the standards stipulated in the regulation of transport do not meet the optimal expectations in safety and cost-effectiveness. The government often attempts to secure different objectives simultaneously in the public sector, such as service coordination, multimodal transport coordination, safety, environmental protection, minimizing costs, and regulating the standard quality of service (Perlman et al., 2021). In the 1980s, the government held the monopoly of providing transport services, air, maritime, road, rail, and inland water, across the national, international, and regional levels. However, while the railway and air transport were government-held and controlled, the government-controlled maritime and road transport but these modes operated predominantly privately. Notably, the government still regulated the prices, use of public infrastructure, quality, and standards in both public and private sectors.Government control was perceived to render the administration leverage that aided in realizing multiple objectives in government policy implementation. However, this strategic approach was uneconomical since the regulation of prices to keep fares low may have accentuated poverty by reducing the availability and quality of services (Rezapour Mashhadi et al., 2017). Consequently, there have been strategic changes to the principles, strategies, and objectives stipulated by the NRTC to establish independent strategies to address some of the economic objectives that the government attempted to achieve through regulation of the transport sector, such as environmental impact (Savage, 2006). Regulation in such areas has been achieved through technical and operational standards and imposition of taxes, or lack thereof, rather than use market control.While the regulation employed in market control was lifted for railroads and trucking but are still existent in ocean shipping, the international interface between national and international means of travel, such as air transport, directly impacts the economy; thus, all counties are keen to regulate such modes of transports.

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Efforts to lift the deregulation to achieve the optimal economic effects that are limited due to some regulations that limit the efficacy of air and marine travel are challenged due to the national interest to secure their economic interest (Perlman et al., 2021). For marine transport, similar carriers conduct conferences to determine their fixed rates, establish joint services, and pool cargo. Carriers are exempted from the American antitrust laws if the requirements to file the agreements made at conferences are filed with the Federal Maritime Commission (FDC). However, the FDC still controls the nature of agreements and…

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…Regulations,” 2021). This objective is accomplished by reviewing the agreements made among common carriers and the Marine Terminal Operators (MTOs). FMC also monitors Non-Vessel-Operating Common Carrier (NVOCC) arrangements to protect the nation against a negative impact on the maritime. In coordination with Maritime Administration (MARAD), it foresees the continuous interoperability of the national transport system and enforces compliance with the stipulated design of marine vessels.The Federal Aviation Administration (FAA) regulates America’s aviation industry and the security of surrounding international waters. Other responsibilities of the FAA include the operation of airports, construction, air traffic management, and the licensing of personnel and aircraft. Notably, the responsibility of the FAA not only involves management, regulation, and enforcing compliance but also the protection of U.S. assets (“U.S. Transportation Regulations,” 2021). The Federal Railroad Administration’s responsibility is to ensure efficient, reliable, and safe movement of cargo and people. These responsibilities are executed by regulating the national railroad safety and constructing intercity passage rail using both legislative and non-legislative strategies.Notably, the transport system works collectively towards realizing the economic and non-economic benefits accrued to these systems to the nation. Consequently, a strategic approach to the management, construction, regulation, operation and enforcement of rules needs to be conducted strategically in coordination with the relevant agencies to ensure the effectiveness and reliability of such systems.Government control was perceived to render the administration leverage to realize multiple objectives in government policy implementation. However, this strategic approach was uneconomical since regulating prices to keep fares low may have accentuated poverty by reducing the availability and services quality. Therefore, frequent reviews of the impact of regulations and government policy should be conducted to avoid….....

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