Road Competition
The year 1930 marked the peak of the company’s prosperity but towards the end of that year the ill effects of the progressive devaluation of the Argentine peso began to be felt and labour costs began to increase substantially. The company was also facing increasing competition from transport on the expanding road network.
Read more about this topic: Gran Ferrocarril Sur
Famous quotes containing the words road and/or competition:
“Hail ye small sweet courtesies of life, for smooth do ye make the road of it! like grace and beauty which beget inclinations to love at first sight; ‘tis ye who open this door and let the stranger in.”
—Laurence Sterne (1713–1768)
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)