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1 The Evolving Freight Industry
Pages 13-18

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From page 13...
... Today's lean production methods and modern supply chain management require compa nies to forecast customer demand accurately; coordinate multiple suppliers (perhaps thousands) ; manage distribution of products and services; track and trace items in transit; and otherwise control the flow of materials through the organization, from raw materials to finished goods.
From page 14...
... Companies manage their supply chains to achieve strategic advantage, which often requires detailed models of the movements of goods and the flow of infor mation between the organization and its suppliers and customers. The process of supply chain management is often called "logistics." Today's supply chains are increasingly multinational, as companies seek the least costly suppliers consistent with efficient production.
From page 15...
... These information flows are critical to industrial operations and profitability, and any threat to their integrity becomes a real concern. For larger companies, supply chain management is a component of enter prise resource planning models.
From page 16...
... . More than 550,000 separate trucking establishments carry freight locally, nationally, and internationally, according to the 1997 Economic Census survey of the transportation and warehousing sector.
From page 17...
... It includes a wide variety of vessel types offering many different kinds of service, calling on hun dreds of ports on all of the seacoasts and the Great Lakes, as well as transiting inland waterways. The volume of container freight moving through the nation's ports has dou bled in the past decade and is expected to continue growing rapidly (BTS 2002; The Economist 1997)
From page 18...
... In 2002, the liner shipping industry carried roughly 6 million containers of imported cargo to the United States and approximately 3.3 million containers of export cargo being shipped from more than 202,000 American businesses. The total is roughly $500 billion worth of goods, or more than $1.3 billion worth of goods per day through U.S.

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