Transport and Logistics Industry: Concept And Applications

Market research reports have found that transport and logistics sector is growing rapidly especially in developing countries like Asian countries. This sector has benefited more from globalization. Transportation industry includes truck or bus transportation,Guest Posting air transportation, water transportation and air transportation. The process of Transportation and logistics includes planning and controlling the flow of raw materials, warehousing, storage and transfer of semi finished and finished products from point of origin to end user. Supply chain management is one of the recent developments in transportation of goods. Logistics means integration of inventory, packing, transportation, material handling, information, warehousing,

Market reports noted that the transportation and logistics companies are shifting merger and acquisition focus towards infrastructure. Transportation and logistics industry is playing a vital role in the world economy. In this industry the word transport stands for movement of passengers or people from one place to another. On the other hand the word logistics applies to freight means movement of goods from one place to another. In all transportation and logistics means movement of gods and people from place to place. There are three types of transportation viz. air transportation, railroad transportation and sea transportation.

Research reports found that the increase in fuel costs has affected industry during