What significant change did the Motor Carrier Act of 1980 introduce?

The Motor Carrier Act of 1980 significantly transformed the regulation of the trucking industry by introducing a key change that allowed carriers to publish their own rates. This shift promoted deregulation, which aimed to increase competition within the transportation sector. Prior to this act, the trucking industry was heavily regulated by the federal government, which controlled rates and routes. By allowing carriers to set their own rates based on market conditions and competition, the act facilitated a more dynamic and responsive industry, ultimately benefiting consumers through better pricing and service options.

The other options pertain to aspects that were not addressed or altered by the Motor Carrier Act of 1980. For example, the act did not specifically expand coverage options for garage liability or eliminate physical damage coverage requirements. Additionally, it did not prohibit all rating bureau interventions, as the role of rating bureaus remained significant in various contexts within the industry. The focus of the Motor Carrier Act was primarily on deregulating the rate-setting process to enhance competition.