Transportation
Advances in transportation have spurred global economic growth by reducing travel time and increasing the number of passengers. A businessperson can board a plane in the evening in New York and land in London after a 6-hour flight to attend a morning business meeting. A century ago, this journey would take several weeks by ship. Read chapter 2, which discusses the opportunities and risks for the transportation industry today. The transportation industry is vital to international business since it allows business trips, meetings, and commercial activity to occur regularly and efficiently.
Overview
The transportation sector is vital to the success of our industry. Put simply, if we can't move people from place to place – whether by air, sea, or land – we don't have an industry. This chapter takes a broad approach, covering each segment of the transportation sector globally, nationally, and at home in British Columbia.
Let's start our review by taking a look at the airline industry.