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A decade into deregulation, trucking appears to be following a variation on the airline-industry pattern.

That is, after an initial burst of competition has come a shakeout, with widespread failures that eventually could leave control of the industry in fewer hands.

Midway Airlines, founded in 1979, is in Bankruptcy Court. Rather than making the industry stronger, as congressional backers predicted, deregulation triggered price wars and cutthroat discounting that have destroyed many of the largest companies and weakened others.

Trans World Airlines, founded in 1928, can't pay its bills and is on the edge of bankruptcy. domestic market to foreign carriers, so that Air Japan, for example, might one day fly between Philadelphia and Pittsburgh. More trucking companies failed in the 1980s than in the entire 45 previous years that the Interstate Commerce Commission (ICC) regulated the industry.

With revenues of

A decade into deregulation, trucking appears to be following a variation on the airline-industry pattern.

That is, after an initial burst of competition has come a shakeout, with widespread failures that eventually could leave control of the industry in fewer hands.

Midway Airlines, founded in 1979, is in Bankruptcy Court. Rather than making the industry stronger, as congressional backers predicted, deregulation triggered price wars and cutthroat discounting that have destroyed many of the largest companies and weakened others.

Trans World Airlines, founded in 1928, can't pay its bills and is on the edge of bankruptcy. domestic market to foreign carriers, so that Air Japan, for example, might one day fly between Philadelphia and Pittsburgh. More trucking companies failed in the 1980s than in the entire 45 previous years that the Interstate Commerce Commission (ICC) regulated the industry.

With revenues of $1 billion, it moved onto the list of the nation's top 10 airlines last year. If all the news from the skies appears bleak, the authors of the government rule book - the people who brought you airline deregulation - have another solution: They already have invited foreign airlines to invest in the remaining U. Eleven years later, in 1990, the number had soared to 1,581, the most trucking failures ever recorded in a single year. Of the 30 largest motor carriers of 1979, only nine are still in business.

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A decade into deregulation, trucking appears to be following a variation on the airline-industry pattern.That is, after an initial burst of competition has come a shakeout, with widespread failures that eventually could leave control of the industry in fewer hands.Midway Airlines, founded in 1979, is in Bankruptcy Court. Rather than making the industry stronger, as congressional backers predicted, deregulation triggered price wars and cutthroat discounting that have destroyed many of the largest companies and weakened others.Trans World Airlines, founded in 1928, can't pay its bills and is on the edge of bankruptcy. domestic market to foreign carriers, so that Air Japan, for example, might one day fly between Philadelphia and Pittsburgh. More trucking companies failed in the 1980s than in the entire 45 previous years that the Interstate Commerce Commission (ICC) regulated the industry.With revenues of $1 billion, it moved onto the list of the nation's top 10 airlines last year. If all the news from the skies appears bleak, the authors of the government rule book - the people who brought you airline deregulation - have another solution: They already have invited foreign airlines to invest in the remaining U. Eleven years later, in 1990, the number had soared to 1,581, the most trucking failures ever recorded in a single year. Of the 30 largest motor carriers of 1979, only nine are still in business.

billion, it moved onto the list of the nation's top 10 airlines last year. If all the news from the skies appears bleak, the authors of the government rule book - the people who brought you airline deregulation - have another solution: They already have invited foreign airlines to invest in the remaining U. Eleven years later, in 1990, the number had soared to 1,581, the most trucking failures ever recorded in a single year. Of the 30 largest motor carriers of 1979, only nine are still in business.

The others either went bankrupt or were broken up and their pieces acquired by one of the surviving companies.

"The trucking industry has saved billions of dollars through more efficient operations allowed and stimulated by deregulation. A 1990 study by the Brookings Institution, a Washington, D.

C., think tank, echoed this view: "Surface freight deregulation (trucking and rail) has been extremely beneficial to shippers and to their customers.

Meanwhile, though, small, mom-and-pop operators continue to come in, keeping the pressure on.

Trucking industry data show that consolidation already is under way.

"They didn't, so now the court wants me to go at the bottom of the list to see if they can offer me what's left after the big guys get their fair share. One reason is that the ever-changing rules are propelling federal, state and local taxes ever higher while middle-class jobholders are being forced into lower-paying jobs.