Transportation Act of 1974

The Transportation Act of 1974 was a law aimed at improving and modernizing U.S. transportation systems. It promoted competition among airlines, railroads, and shipping companies, encouraging more efficient and cost-effective services. The act also increased federal oversight and regulation to ensure safety and fairness in the industry. Additionally, it supported the development of transportation infrastructure and addressed deregulation to foster innovation and reduce government restrictions, ultimately aiming to create a more integrated, reliable, and competitive transportation network in the United States.