Monday, November 11, 2013

The secret world of cargo ships

The awesome impact containers had on logistics and the regulatory/security challenges ahead (theWeek):

But the rewards of containerization were too great for the dockers to defeat change. Before containers, transport costs ate up to 25 percent of the value of whatever was being shipped. With the extreme efficiencies that intermodality brought, costs were reduced to a pittance. A sweater can now travel 3,000 miles for 2.5 cents; it costs 1 cent to send a can of beer. Shipping a container can cost next to nothing, an invaluable advantage in hard economic times, when there is more supply than demand.

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