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Transportation Management: The Role of Each Mode of Transportation in the US and Global Transportation Market - Term Paper Example

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This paper analyzes the role of road, railways, maritime and air modes in the context of the US and the global transportation system. The paper defines each mode with a relevant discussion on respective cost analysis, fleet, infrastructural aspects along with operational and commercial determinants. …
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Transportation Management: The Role of Each Mode of Transportation in the US and Global Transportation Market
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Download file to see previous pages The US transportation market in the last few decades has undergone radical transformations in terms of infrastructural developments; commitment to promoting green initiatives; exploration of various novel ways of passenger safety and comfort; installation of high-speed freight corridors; the amalgamation of alternative energy resources with existing fuel economy to cut down on expenses and so on. Studies on transportation management have laid firm emphasis on mobilizing the dynamics of operational and commercial coefficients latent in further boosting the transportation sector worldwide. But there are certain inhibitory factors as well, throttling the desired outcomes to a great extent. One of the major challenges the global transportation system faces is lack of modal areas that might put the smaller elements together, in view of creating an integrated and well-coordinated network of spatial communication. The idea of integration is embedded in corporate cultures – a key addition to the economy of management in the late 20th and early 21st centuries. It may be noted that the operational features of the modern-day transportation system are based largely on effective logistics management. In order to curtail the additional expenses involving shipment and freight transportation, many agencies worldwide have adopted several holistic measures to align their objectives with the economic tenets of globalization. The transportation industries across the world share a common objective, i.e., infrastructural development to accommodate cargo, logistics support, shipment, and storage. This objective has as of now a wider reach in terms of fulfilling the requirements of all the related financial domains, including employment, micro, and macro level capital investments, business, and maritime operations. Each of these financial areas is sustained by a set of primary transportation modes, including road transportation, railroad transportation, maritime transportation, and air transportation.  ...Download file to see next pagesRead More
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