Unleashing Innovation: The Deregulation of Air Cargo Transportation
Deregulation of the US domestic interstate airline industry in 1977 and 1978 has proven beneficial. Deregulation of air cargo was a key element in the emergence of modern supply chain management and allowed wider access to goods supplied by domestic and international sources. It also facilitated American trade to foreign markets. Efficiencies in widespread use of hub-and-spoke models for air cargo, by reducing total costs, enable more American products to reach foreign markets.