Source: The Daily Economy
by Alexander C Cartwright, Julia R Cartwright, & Lakshmi Narayanan
“In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a cargo ship in Newark and sent them to Houston. Those boxes, the first standardized shipping containers, didn’t look like a revolution. But they soon rewrote the logic of global commerce. As economist Marc Levinson chronicled in The Box, this wasn’t just about saving space or time. The genius of the container was its standardization. No matter the cargo, no matter the destination, one set of protocols including fixed dimensions, stackability, and compatibility with cranes, trucks, and ports suddenly governed a previously fragmented industry. Costs fell. Transit times collapsed. Theft and spoilage plummeted. Global trade surged from $100 billion in 1960 to over $25 trillion today …. What the shipping container did for physical goods, stablecoins now promise to do for money.” (09/08/25)