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The transportation industry, which
involves carrying passengers and freight, is among the largest
employers in the world. The major divisions of the
transportation sector are:
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Infrastructure: This includes
the construction and maintenance of roads, canals,
terminals, stations, depots and seaports. The ownership of
transportation infrastructure could be public or private.
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Vehicles: It includes the
development of various modes of transportation –automobiles,
trains, ships and aircrafts.
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Operations: This encompasses
the methods by which vehicles are operated. It also includes
their financing and legalities.
Transportation Industry:
History
The primary mode of transportation in the early ages (after the
invention of the wheel) was animal-driven carts. The Romans were
the first to build paved roads. The development of cities across
the world led to the growth of shipping. Some major historical
inventions that shaped the modern transportation industry are:
Steamboat (1787)
Modern bicycles (1790)
Cable car (1871)
Automobiles (with internal combustion engines) (1885)
Aircraft (1903)
Modern helicopters (1940)
Supersonic jet flight (1947)
Bullet trains (1967)
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