Question

In: Operations Management

Statements To Which To Respond The railroad industry played a significant role in the development and...

Statements To Which To Respond

  1. The railroad industry played a significant role in the development and growth of many cities and geographic regions during the 19th century and it remains a strong and important part of the transportation system.
  2. The motor carrier is probably the most visible segment of the transportation system in the United States, but in many ways the motor carrier is also the most significant element of the freight transport industry.  
  3. The motor carrier industry played a significant role in the 20th century, and continues today in the 21st century, in the development and growth of many cities and geographic regions

Solutions

Expert Solution

It is very much important to understand that the rail road industry has played a significant role in changing the pattern of global growth and prosperity in manifold ways since 19th century. It is one of the most preferred and a less costly interventions for passengers as well as to industrial suppliers .

In terms of heavy industry and capacity utilization, this industry serve like a panacea. Most of the successful business can't run or operate successfully if rail frieght will be breakdowns and cost may be increased. It is major player in the global logistics system.  

It is true that when a particular city of country gets connected with rail road then growth, development, employment and many new avenues come to that place. People may get better education, transportation services with ease, less costly transport services, and access to global markets. Access to global markets may have direct as well indirect channel. It will depend upon the nearby boundaries between two countries. For example, Many of the European markets are well connected through metro rail and other rail transport services.


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