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Transportation Chapter 2
Vocabulary
41
Other
Professional
09/09/2010

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Term
Air Carrier
Definition
A transportation firm that operates aircraft for the transportation of passengers or freight as a common carrier.
Term
Air Traffic Control System
Definition

The method by which aircraft traffic is controlled in the air so that planes are separated by altitude and distance for safety. 

 

It is administered by the FAA.

Term

Airport and Airway Trust

 

Definition
A federal fund that collects passenger ticket taxes and disburses those funds for airport facilities.
Term
AMTRAK
Definition
A quasi-governmental agency that provides interstate rail passenger service.
Term
cargo preference
Definition
A federal law that requiring that at least 50% of a certain US govenment-owned or -sponsored cargo move on US flag-registered vessels.
Term
Clayton Act
Definition

A law that strengthed the Sherman Anti-Trust Act and specifically described some business practices as violations of the law.

 

This was done to counter some practices that were used to avoid the SATA.

Term
Coast Guard
Definition
A military unit attached to Department of Homeland Security.  It is charged with certain law enforcement tasks related to protecting the shores of the US and the usage of waters both domestically and along the coasts.
Term
common carrier
Definition
A transportation company that provides freight and or passenger service to any one who seeks its services.
Term
economic deregulation
Definition
The removal of governmentally enforced price and entry controls in the transportation industry.
Term
exempt carrier
Definition
A for-hire carrier that is exempt from economic regulations.
Term
Federal Aviation Administration
Definition
the federal agency within the DOT that is responsible for regulating air safety, promoting development of air commerce, and controlling navigable air space.
Term

Federal Energy Regulatory Commision

 

Definition
the federal agency that oversees rates and practices of pipeline operators and is part of the Department of Energy.
Term
Federal Motor Carrier Safety Administration
Definition
regulates the trucking industry in the United States. It was established as a separate administration within the U.S. Department of Transportation (DOT) on January 1, 2000, pursuant to the Motor Carrier Safety Improvement Act of 1999.
Term
Federal Highway Trust Fund
Definition
A fund that receives federally collected fuel taxes used for highway construction and upkeep.
Term
Federal Maritime Commission
Definition
The federal agency that regulates international rates, practices, agreements, and services of common water carriers.
Term
Federal Railroad Administration
Definition

The federal agency that oversees railroad safety by establishing and entering rules and regulation. 

 

Part of the DOT

Term
Federal Trade Commission
Definition

The federal agency that administers the SATA and the Clayton Act.

 

No direct control over transportation.

Term
Granger Laws
Definition
were a series of laws passed in western states of the United States after the American Civil War to regulate grain elevator and railroad freight rates and rebates and to address long- and short-haul discrimination and other railroad abuses against farmers. When several Granger laws were declared unconstitutional by the Supreme Court, the federal Interstate Commerce Act of 1887 was passed to secure the same reforms.
Term
HAZMAT
Definition

materials that the DOT has determined to be a risk to health, safety, and property.

 

Includes flammable liquids, corrosives, toxics, and radioactive material.

Term
home-flag airlines
Definition

An airline owned or sponsored by the government of the country in which the carrier is based.

 

 

Term
intrastate commerce
Definition
the transportation of persons or property between points within a state.
Term
US Maritime Administration Adminstration(MARAD)
Definition
is an agency of the United States Department of Transportation that maintains the National Defense Reserve Fleet (NDRF) as a ready source of ships for use during national emergencies, and assists the NDRF in fulfilling its role as the nation's fourth arm of defense, logistically supporting the military when needed.
Term
minimum level of safety
Definition
a base requirement for all aspects of safe operation by a transportation firm, as prescribed by a government agency.
Term
monopoly
Definition
a market segment where there is only one supplier.
Term
National Highway Traffic Safety Administration
Definition
a branch of USDOT which is responsible for motor vehicle safety .
Term
National Transportation Safety Board
Definition
is an independent U.S. Government investigative agency responsible for civil transportation accident investigation. In this role, the NTSB investigates and reports on aviation accidents and incidents, certain types of highway crashes, ship and marine accidents, pipeline incidents and railroad accidents.
Term
nationalization
Definition
public ownership, financing, and operation of a business entity.
Term
Office of Hazardous Materials Safety
Definition
is the Federal safety authority for ensuring the safe transport of hazardous materials by air, rail, highway, and water.  
Term
per se violation
Definition
a violation of the law that is, on its own deemed to be harmful, regardless of its effect on the market or competition.
Term
police powers
Definition

the US constitutionally granted right for states to establish regulations to protect their citizens' health and welfare.

 

Truck weight and speed limits are examples.

Term
reasonable rate
Definition
a rate that is high enough to cover the carrier's cost but not high enough to enable the carrier to realize monopolistic profits.
Term
Reed-Bulwinkle Act of 1948
Definition
permitted rates to be set by "rate bureaus" representing groups of motor carriers. These bureaus could agree on uniform rates applicable to all its members. Such rates, when approved by the ICC, were immune from antitrust laws.
Term
relative use
Definition
a fee placed on the users of a service or facility to cover the cost of providing that service or facility
Term
Sherman Anti-Trust Act
Definition
requires the United States Federal government to investigate and pursue trusts, companies and organizations suspected of violating the Act. It was the first Federal statute to limit cartels and monopolies, and today still forms the basis for most antitrust litigation by the United States federal government.
Term
Shipping Act of 1984
Definition
a body of law that governs the pricing and services of ocean carriers operating between the US and foreign countries.
Term
statutory law
Definition

based on the Roman legal system and refers to a body of law passed by legislative bodies;

 

as opposed to administrative law

Term
Surface Transportation Board
Definition
is a bipartisan, decisionally-independent adjudicatory body organizationally housed within the U.S. Department of Transportation. The STB was established in 1996 to assume some of the regulatory functions that had been administered by the Interstate Commerce Commission when the ICC was abolished. The STB has broad economic regulatory oversight of railroads, including rates, service, the construction, acquisition and abandonment of rail lines, carrier mergers and interchange of traffic among carriers. The STB also has certain oversight[which?] of pipeline carriers, intercity bus carriers, moving van companies, trucking companies involved in collective activities and water carriers engaged in non-contiguous domestic trade.
Term
time value of funds
Definition
relates to the value of money over the lifetime of a project.  As inflation reduces the value or purchasing capability of a dollar ove the life of a project.
Term
USDOT
Definition

 is a federal Cabinet department of the United States government concerned with transportation.

 

Its mission is to "Serve the United States by ensuring a fast, safe, efficient, accessible and convenient transportation system that meets our vital national interests and enhances the quality of life of the American people, today and into the future."

Term
user charges
Definition

costs or fees that the user of a service or facility must pay the party furnishing this service or facility.

 

ie: airport landing fees

Term
vehicle standards
Definition
the requirements imposed by the NHTSA for the design and manufacture of motor vehicles
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