Article
Stability and competition in intermodal container shipping: finding a balance
This article considers thc perennial topic of how to achieve an equilibrium balance between stability and competition in intermodal shipping. It argues that competition is becoming destructive, but that the imbalance is difficult to correct in a climate where competitive pressures are strong everywhere and restraints on competition are unfashionable. In this context, pricing of intermodal services, the emergence of multi-trade alliances. the relevance of contestable market theory and developments in regulatory policies are all examined. Some points towards restoring an equilibrium balance are offered.