Cost of Transportation
The cost is one of the major factors in choosing the mode of transport as it impacts the total shipping cost and trade profit. It is important to note that in addition to the actual freight charges, freight also includes:
- Freight insurance
- Handling charges (at various loading and unloading points)
- The cost of inland transportation (if applicable)
So, if we have to rely on this factor alone; sea shipping is the cheapest mode of transportation. Also, it will be the ideal choice. It is important to consider cost when choosing a mode of transportation. But it is not the only factor to consider. Other factors also need to be looked at to choose the best mode of transportation for the goods that need to be transported.