How did steam locomotives cut transport costs for goods and materials?

How did steam locomotives lower the cost of transporting raw materials and finished goods?

1. They cost nothing to run because they ran on steam.

2. They could transport many materials or goods at once.

3. They were uncomplicated and inexpensive to build.

4. They were safe and cut the chance of costly accidents.

Answer: They could transport many materials or goods at once.

Steam locomotives helped to lower transportation costs by efficiently moving large amounts of raw materials and finished goods long distances. Cars could reliably transport and deliver shipments much faster, saving time and minimising the cost associated with delays and handling of goods while in storage. Steam power was economical because water was heated to develop steam to power the locomotive and required minimal cost to operate. The steam locomotive operation was quite simple and therefore safe, with minimal impact from costly accidents. All these factors substantially lowered the overall per-unit cost of transporting goods, benefitting both local and national markets.