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Shippers concede that freight rates have gone down over all.

"The shipping lines are desperate to get income into their systems, with freight rates so low," he said.

Besides the decrease in freight rates and transportation time, an entirely new support industry was born.

The new railroad was able to force freight rates downward accelerating production.

At the same time, freight rates were steady until last year, when the industry was able to push through a 3 percent rise.

As a result, freight rates aren't marketed in a single airline industry tariff.

The dropping freight rates now gave no incentive to build any more.

The second hand value of ships depends on freight rates, age, inflation and expectations.

The freight rates, down 80% from 2008, are expected to drop further down to the levels of 1977.

These factors help keep the freight rate down for small businesses and the individual with a shipping need.