ICC Termination Act of 1995
The ICC Termination Act of 1995 abolished the Interstate Commerce Commission, eliminated most remaining trucking economic regulation, and moved residual rail and motor carrier functions to the new Surface Transportation Board and the Department of Transportation.
What it requires
Effective January 1, 1996, the Act ended tariff filing for most motor carriers, moved motor carrier registration to the Department of Transportation, later FMCSA, and gave the Surface Transportation Board jurisdiction over rail rates, mergers and service. It recodified carrier liability for loss and damage, the Carmack Amendment, at 49 U.S.C. 14706, which lets shippers recover actual loss subject to agreed released rates, with claims filed within at least nine months. It kept the requirement that freight brokers register, later tightened by MAP-21's $75,000 bond.
Why it matters
The Act set the legal framework for freight claims and carrier registration that shippers use every day. Because most tariffs no longer have to be filed, rates and liability terms live in contracts and carrier rules tariffs, so shippers must negotiate them. For example, when a pallet of electronics arrives damaged, the shipper files a claim under 49 U.S.C. 14706, and the carrier's liability limit depends on the released value in its tariff or the contract. 3PLs that arrange freight also register with FMCSA under rules that trace to this Act.
Related laws
Sources
Not legal advice.