The regulatory land transportation dates back to the early 1900s. The LTFRB therefore, is a product of a series of transformations. The evolutionary progression runs as thus:
- Coastwise Rate Commission – November 17, 1902
- Supervising Railway Expert – June 29, 1906
- Board of Public Utility Commissioners – December 19, 1913
- Public Utilities Commission – March 9, 1917
- Public Service Commission – 1926
- Specialized Regulatory Boards – 1972
- Board of Transportation – 1979
- Land Transportation Commission (BOT & BLT) – 1985
- Land Transportation Franchising & Regulatory Board – 1987
Ensure that the commuting public has adequate, safe, convenient, environment-friendly and dependable public land transportation services at reasonable rates through the implementation of land-based transportation policies, programs, and projects responsive to an investment-led and demand-driven industry.
World-class land transportation services contributing to the over-all development of the country, improvement of the socio-economic status of its stakeholders, and promotion of the welfare of the general public.