Motor Carrier Act Law and Legal Definition
The Motor Carrier Act is a federal statute enacted in 1980. The Act deregulates the trucking industry and the truckers. The Act eased up many regulations imposed by the Interstate Commerce Commission. Deregulation occured on the following areas:
1. price controls;
2. entry controls; and
3. collective vendor price setting.
The Act is also known as The Motor Carrier Regulatory Reform and Modernization Act.
