D. Miljkovic et al., The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: an econometric analysis, TRANSP R E, 36(2), 2000, pp. 127-137
Citations number
22
Categorie Soggetti
Politucal Science & public Administration","Civil Engineering
Journal title
TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW
An econometric model of the barge and rail freight market is developed so t
hat factors which influence barge and rail rates for export-bound grain fro
m Midwest to Mexican Gulf can be better understood. Three-stage least squar
es method is used to estimate the system of four equations that constitute
the model. A number of identified factors turned out to be significant in d
etermining grains rail and barge transportation rates. Given the interactiv
e nature of supply and demand processes it is difficult to pinpoint a singl
e most important factor. Yet it is clear that a substitute nature of the tw
o transportation modes in addition to direct price-quantity relationship de
termine most of the transportation rates. (C) 2000 Elsevier Science Ltd. Al
l rights reserved.