U.S. Freight: Economy in Motion 1998

U.S. Freight: Economy in Motion 1998

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    NTL-ECONOMICS AND FINANCE-Freight Economics and Finance
  • Abstract:
    The reason U.S. consumers are the envy of the world is that our nation essentially is an economy in motion. For a variety of reasons, our nation has the ability to move raw materials, manufactured products, and finished goods with very high degrees of precision and reliability. One primary reason is a freight logistics system that is second to none. No one person or entity is responsible for this success. Rather, it is the sometimes cooperative, sometimes competitive, actions of a range of players that make all of this possible. These players are public and private sector entities who must juggle a host of often conflicting and ever changing mandates in a world that is growing more compressed and time sensitive. The purpose of this paper is to explain the operation of these entities and their interactions, as well as to highlight those trends or forces of change that shape our continued ability to transport what we want, when and where we want it. It also will highlight how different entities benchmark the performance of their companies and/or industries, including how they view the performance of our transportation systems.
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