ABSTRACT
The 1947 Transport Act took into public ownership the whole of the British railway system, together with the bulk of the public road haulage industry. This nationalized public transport system was to be managed by a British Transport Commission (BTC), organized for operational purposes into a number of separate modal executives. Road haulage was largely denationalized after 1953, and the 1962 Transport Act separated the BTC into five autonomous nationalized industries, of which British Rail (BR) was the largest.
