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All of these businesses operated below the radar screen of megacapitalists like the Morgans. Their primary capital expenses were for real estate and inventory, which could be financed by traditional mortgages and bank working capital lines. But that was true only because they could “externalize” the cost of all the shipping infrastructure that
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
A World Class Transportation System: Transportation Finance for a New Economy
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Transportation has become so efficient that for many purposes, freight costs do not much affect economic decisions.
Marc Levinson • The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - Second Edition with a new chapter by the author
United States Lines would achieve what it took to succeed in container shipping: scale. Scale was the holy grail of the maritime industry by the late 1970s. Bigger ships lowered the cost of carrying each container. Bigger ports with bigger cranes lowered the cost of handling each ship. Bigger containers—the 20-foot box, shippers’ favorite in the
... See moreMarc Levinson • The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - Second Edition with a new chapter by the author
Aspinwall, with the help of a generous government franchise to carry the mail to California, had established steamship lines to and from Panama on both oceans. So except for the land barrier at Panama he could provide through steamer passage from New York to San Francisco. The railroad, then, was to be the vital land link in the system—in a grand,
... See moreDavid McCullough • Brave Companions
The Shipping News and Death of a Shipowner and engrossed in the textbooks Maritime Economics by Martin Stopford and Ship Finance: Credit Expansion & the Boom-Bust Cycle by Peter Stokes.
Matthew McCleery • The Shipping Man
For fifty years after the turn of the century, shipbuilders and shipping companies worked hard both to make ships faster and to lower their fuel consumption. Even so, the more successful they were in boosting speed and trimming their fuel needs, the worse the economics of ocean freighters became. By 1950 or so, the ocean freighter was dying, if not
... See moreSteven Johnson • The Innovator's Cookbook
The true importance of the revolution in freight transportation would be found not in its effect on ship lines and dockworkers, but later, as the impact of containerization resonated among the hundreds of thousands of factories and wholesalers and commodity traders and government agencies with goods to ship. For most shippers, except perhaps
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