Containerization has revolutionized the transportation business, signi

QUESTION

Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances.

Indicate whether the statement is true or false.

ANSWER

TRUE
In economic terms, the most important major innovations in transportation technology are probably the development of commercial jet aircraft and superfreighters and the introduction of containerization, which simplifies transshipment from one mode of transport to another. It has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances.