Stability and competition in intermodal container shipping: finding a balance

This article considers the perennial topic of how to acheive 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 strog everywhere and restraints on competiiton are unfashionable. In this context, pricing of intermodal services, the emergence of multi-trade alliances, the revelance of contestable market theory and developments in regulatory policies are all examimned. Some points towards restoring an equilibrium balance are offered.