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This would cause a downward shift in the entire production cost curve as the ports would be able to produce a greater number of moved cargo at a lower price.
There are a number of areas where the increase of technology would greatly affect efficiency of operations. One suggested application for new technology is the process of loading and unloading cargo on docks...
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One suggested application for new technology is the process of loading and unloading cargo on docks. On Asian docks for example, only one operator is necessary to man equipment for manipulating the cargo. By contrast, U.S. ports need a team of four workers to man each crane. Updating technology on U...
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