The Transport Industry Dissertation Example For Download

Category: Construction
Subcategory: Energy
Level: University
Pages: 1
Words: 275
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The Transport Industry In the transport industry, supply refers to the capacity of both modes and infrastructures of transportation to serve the potential consumers at a specific period in a defined geographical area (Waters & Rinsler, 2014). Demand on the other hand, when used in the context of the transport industry, refers to the transport needs. It is usually expressed as volume, tons or the number of people per unit space and time (Waters & Rinsler, 2014). As technology advances, more transport infrastructure and modes are built thereby increasing transport supply. Expansion of trade also results in the increase in the number of people, tons or volume per unit space and time thereby implying a growing demand for transport services. With growing supply of transport services coupled with growing demand for these services, the transport industry is experiencing near exponential growth. Even though the near exponential growth of the transport industry has advantages for humans...

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