As the American economy depends on producers and customers all over the world to transport equipment, parts, and freight successfully over the next 30 years. It is expected that the bulk of the tonnage will be transported through the U.S. ports. The U.S. government should be a catalyst for innovations within intermodal transportation, because there needs to be a control mechanism when dealing with any (i.e. buy/sell/ trade).
The free market economy highlight systems, which focus on individual liberty to deploy their talents to invest in resources in whatever profession, or initiative that they choose without any rules governing their moves within the free market (Coyle 2003). Although the free market delegates any decision to that particular individual, the government still plays a role in the market economy. The government acts like a referee to enforce strict standards, which are ran through legal panel for a legal review to ensure that best resources are available, and that the production of goods and services are constant. The free market do not offer these type of services, because they are standalone companies that have no centralized direction, which means buying and selling is only on a volunteer bases. Buyers and sellers in the free market industry expect to capitalize by gaining from transaction activity through their sales. If the buyers and sellers do not expect profit, the transaction may not take place.
The government recognizes the reputation of logistics, and the supply services that deal with intermodal transportation. The impacts on economic competition enables the government to shift their focus from the perception of treating each individual modes, to approaching the multimodal transportation of freight. With this shift logistics and freight transportation problems with the infrastructure can be facilitated to be more effective through operational pricing, and coordination.
Governments could potentially change their approaches, to “promote the ability of their businesses to compete globally, by facilitating advanced logistics strategies through reducing the barriers to logistics efficiency and promoting innovations, coordination, and advanced service offerings.”(Scientific Export Group).
Promotion of increased capabilities through the development of human resources can be produced from the government, by drawing new people with advance skills in the logistics sector. More importantly the role of the government in stimulating the economy, supports a wide range of educational benefits designed to promote high quality of professionals to...