A financial analysis of the interstate commerce commission (ICC) termination act of 1995 on the motor carrier industry

Since the late 1970\u27s the United States has progressively deregulated the motor carrier industry. Throughout the 1980\u27s, deregulation was viewed as a positive trend by most industry practitioners. Past research has determined that, despite the fact that bankruptcies have increased since deregulation, the motor carrier industry has benefitted by less government intervention. The current study attempts to ascertain if motor carrier deregulation is still perceived positively in the mid-1990\u27s. This research uses an event study methodology to examine the immediate financial impact of the ICC Termination Act of 1995 on 44 motor carrier industry participants. The results indicate deregulation is still perceived positively by shareholders as illustrated by the average publicly traded motor carrier benefittingby between $1.25 million and$6.1 million duringthe period surrounding termination of the Interstate Commerce Commission. In all likelihood, shareholders of companies in this industry benefitted due to the perception that industry deregulation leads to the ability to expand and pursue business opportunities previously restricted while operatingunder a more regulated regime

Foundations for auto shredders

Unbalanced forces developed by hammer wear and impact must be resisted by auto shredder foundations. Methods for estimating the impact forces are described. Because of different soil conditions, a concrete mat, a concrete block, and a pile-supported foundation system were adopted at three different construction sites. The design procedures involved in determining the dynamic response for each type of foundation are illustrated by examples. Vibration measurements made on the pile-supported foundation after construction permitted comparisons of prototype motions with design predictions.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/25356/1/0000803.pd

A simplified nonlinear sway-rocking model for evaluation of seismic response of structures on shallow foundations

This paper presents a simplified Nonlinear Sway-Rocking model as a preliminary design tool for seismic soil-structure interaction analysis. The proposed model is intended to capture the nonlinear load-displacement response of shallow foundations during strong earthquake events where foundation bearing capacity is fully mobilised. Emphasis is given to heavily-loaded structures resting on a saturated clay half-space. The variation of soil stiffness and strength with depth, referred to as soil non-homogeneity, is considered in the model. Although independent springs are utilised for each of the swaying and rocking motions, coupling between these motions is taken into account by expressing the load-displacement relations as functions of the factor of safety against vertical bearing capacity failure (FSv) and the moment-to-shear ratio (M/H). The simplified model has been calibrated and validated against results from a series of static push-over and dynamic analyses performed using a more rigorous finite-difference numerical model. Despite some limitations of the current implementation, the concept of this model gives engineers more degrees of freedom in defining their own model components, providing a good balance between simplicity, flexibility and accuracy

Jean Jaurès (1859 - 1914): Aspekte einer vergleichenden europäischen Historiographie

This is the contribution "Jean Jaurès (1859 - 1914): Aspekte einer vergleichenden europäischen Historiographie" of MTS 14 (1993)

The Equity Index Annuity: an examination of performance and regulatory concerns

The Equity Index Annuity (EIA) is a recent product development in the insurance industry. This paper details EIA design and interest crediting techniques, examines expected performance, and discusses possible regulatory concerns. Results indicate that the EIA is generally expected to perform better than a traditional fixed annuity for contract periods of at least five years, but is substantially below that of a similar direct equity purchase. EIA contracts are not appropriate for shorter-term investors when factors of risk and efficient markets are considered. The SEC is not currentl