trans_sys_chap20

trans_sys_chap20 - Introduction to Transportation Systems...

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Introduction to Transportation Systems Joseph M. Sussman JR East Professor Professor of Civil & Environmental Engineering and Engineering Systems Massachusetts Institute of Technology Cambridge, MA 1
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PART II: FREIGHT TRANSPORTATION 2
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Chapter 20: Ocean Shipping, International Freight, and Freight Summary 3
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Ocean Shipping ± Ocean Shipping Services: Bulk ± Wet Bulk ± Dry Bulk About 5% of the world’s freight bill is for ocean shipping. Ocean shipping has been called “The Enabler of the Global Economy”. 4
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± The ocean bulk market has some similarities to the TL market in the trucking industry. It is a very volatile market; the freight rates and demand for service may swing widely over the course of a few days. ± It is an easy business to enter and exit in the same way that truckload trucking is; you buy a truck and you are in business, you buy a ship and you are in business. ± So you can easily get in and out, and that
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trans_sys_chap20 - Introduction to Transportation Systems...

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