I recently had occasion to drive roundtrip between Salt Lake City and Washington, DC. It showed me how far technology has brought us — and how far it has yet to go.
My cargo van was full on the first leg of the 30-hour journey. Having a nearly empty vehicle on the return trip prompted me to ask: What is the Uber for shipping goods?
Uber, of course, is the popular ride-sharing service. It’s the leading example of the successes that some — including Republican presidential candidate Marco Rubio, the senator from Florida — are celebrating in our “sharing economy.”
Uber’s idea is powerful, and the execution is good, too. When we have excess capacity and the desire to “share” a good or service, transaction costs can impede such sharing. The revolution of computing power embodied in Moore’s Law has lowered them.