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November 29, 2005
Transportation Costs
In a lecture on international trade the other day I made note of the fact that our largest trading partners are Canada, China, Mexico and Japan. Canada and Mexico of course make sense because of their proximity. China and Japan are actually close "economicially" even if they are distant "geographically" because all that separates us is the ocean, and shipping by sea is vastly cheaper than by land. One of my students was able to get me some shipping data from his father's logging business. Here are the data he gave me: (1) To get a shipment of logs from the source 90 miles to Columbus, OH by truck costs $250. $2.78 per mile. (2) To get a shipment of logs from Columbus to San Francisco (2110 miles) by rail costs about $925 (he quoted me $750-1100 so I take the midpoint here). $0.44 per mile. (3) To get a shipment from San Francisco to Shanghai (7270 miles) by ship costs about $1700. $0.23 per mile. Posted by Robert Lawson at 09:41 AM
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