The transportation industry serves to mobilize the U.S. economy and provides critical links to the rest of the world. Transportation has undergone a major transformation, with speed, in-transit visibility, and value-added logistics highlighted as the hallmarks of the revolution. Air carriers have globalized through code sharing, and container shippers have responded by creating their own alliances. The increasingly international nature of the industry has created challenges for the U.S. government, which relies on contractual links to the transportation industry for surge sea and airlift capacity. Transportation is a thriving sector, one in which the United States faces world-class competition. The United States has an edge in many areas, but chronic underfunding in surface infrastructure has dulled the advantage.
ICAF Industry Studies 1999