Each chapter has been carefully reworked and the book includes new material dealing with the regulation of transport markets. The theoretical content is supported with considerable empirical evidence drawn from a wide range of international sources. Although aimed primarily at undergraduate students, this volume is accessible to non-specialists who have an interest in transport economics. It has no modal bias but rather examines in general terms the many aspects of the demand for, and supply of, transport together with the various methods of government intervention needed to ensure that social and environmental criteria are attained.

This successful and widely adopted textbook has been thoroughly revised and updated for the second edition. As the best intermediate text currently available, it will be welcomed by students, policymakers and all those concerned with the supply of transport services.