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"Compare and contrast the European and North American freight transportation systems, globalized trade, and global policy implications"
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America and most countries in Europe boast of different kinds of freight systems, which have been instrumental in the growth of their economies. This paper makes a comparison of the global freight systems that have been established in the United States and most countries in Europe.
Today’ globalization has brought about very many changes with respect to long-distance transport, as well as communication costs between and among countries of the world. In the past, it was agreed that trade costs did not hold any major impact as far as the structure and quantity of global trade were concerned. However, at present, these costs are now being considered and acknowledge ad being of great importance.
Currently, the distribution systems in the global freight can be said to have been brought about by the convergence that has been necessitated by technology, modes and terminals, as well as infrastructure (Debrie & Gouvernal 2006). One of the things that have stood out significantly behind the process of standardization of these global freight systems has been containerization. This development has resulted in the emergence of strategies in supply chain management like maritime shipping.
Europe and North America are among the major markets of the world; these two regions have huge notable commonalities in terms of strong and stable import functions (Rodrigue, Comtois & Slack 2009). The global functions in this perspective are made up of inbound logistics; in addition, there are many highly developed shipment distribution systems that link these two regions, necessitating their comprehensive trade flows.
Different researches that have been carried out on this issue have indicated that these two regions are still walking similar paths when it comes configuration of their logistics networks and transport infrastructure. The operational decisions, as well as the establishments of regulatory frameworks are guiding and necessitating these
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