Question

Why is global transportation such an important issue?

Answer 1

“Global Transportation is defined as the process of planning, programming, and budgeting of transportation as a whole including safe, efficient and reliable transportation at economical costs.”

The global transportation is critical for many reasons naming a few as follows:

• It links the world for business, tourism, and educational services
• Ensures Safe movement of goods and services across the world
• In 2012 was sized at 1.34 billion USD and increasing at a rate of 3% per annum till 2021.
• Makes the world a global village with reducing trade barriers and easy movement of goods and services.
• Creates new markets for manufacturer by making the supply and distribution chain more efficient
• Encourages people to travel across the globe for work, leisure, education etc.
• It is the backbone of international business and tourism; it also creates efficiencies in processes and systems to deliver the best to the end users.
• It is important for global players, manufacturers, airlines, shipping companies, IT service providers, students etc

The world is moving towards an efficient and economical global transportation by building better infrastructure like roads, bridges, linking countries, reducing freights, find alternate fuels.