The economics of transportation is therefore an applied science in which economic and business principles are applied to the transport industry. It deals mainly with balancing the demand for with the supply of transport in all the various modes of transportation. Logistics is closely related to transport economics and involves all activities to ensure that the right product is at the right place at the right time in the right quantity. Transport is also a major component of the tourism industry as travel can be classified in terms of social, cultural, sport, recreational and economic purposes. At present students can further their studies by doing a Honours BCom or a Honours BAdmin degree in transport economics or logistics.
Tuition is by means of distance education.