Industry Overview

Transportation concerns the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline and space. Transport laws can apply at a global transport system-wide level. The field can be divided into infrastructure, vehicles and operations. These include heavy and light rail systems including associated land, infrastructure and rolling stock which comprise trains, trams and light rail vehicles, roads including freeways, arterial roads and paths, vehicles including cars, trucks, buses and bicycles, ports and waterways, commercial ships and recreational vessels, air transport systems and aircraft. A transport system includes not only system infrastructure and conveyances, but also communication systems and other technologies, strategic, business and operational plans, schedules, timetables and ticketing systems, safety systems, labor components, service components, government decision makers like ministers, departments, authorities, corporations, agencies and other legal persons. Distribution-based transportation is a multimodal and intermodal freight transport system composed of modes, infrastructures and terminals that spans across the globe. Integration-based transportation concerns customs procedures, tariffs, regulations and handling of documentation. Transaction-based transportation relies on banking, finance, legal and insurance activities where accounts can be settled and risk mitigated.

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