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:
“And this shall be for music when no one else is near,
The fine song for singing, the rare song to hear!
That only I remember, that only you admire,
Of the broad road that stretches and the roadside fire.”
—Robert Louis Stevenson (1850–1894)
“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)