Transportation industry
Transportation industry
Answer the following questions 200 words each 1 reference per. No specific format Question 1. Why is the transportation industry cyclical in nature? Question 2. In terms of capacity, what steps can transportation companies take to avoid or at least mitigate the negative effects of economic downturns like this most recent one?
copy paste each question and discuss below it in 200 words
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Question 1. Why is the transportation industry cyclical in nature?
A cyclical industry refers to one that corresponds to the business cycle, with its entire performance being so sensitive to the general economy as well. The transport industry is perceived to be cyclical when the economy is having a boom while the demand for various transport of goods and services ranks high. During this period of an economic depression,………………
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