The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: An econometric analysis

Dragan Miljkovic; Gregory K. Price; Robert J. Hauser; Kenneth A. Algozin

doi:10.1016/S1366-5545(99)00025-3

The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: An econometric analysis

Dragan Miljkovic, Gregory K. Price, Robert J. Hauser, Kenneth A. Algozin

Agricultural and Consumer Economics

Research output: Contribution to journal › Article › peer-review

Abstract

An econometric model of the barge and rail freight market is developed so that factors which influence barge and rail rates for export-bound grain from Midwest to Mexican Gulf can be better understood. Three-stage least squares 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 determining grains rail and barge transportation rates. Given the interactive nature of supply and demand processes it is difficult to pinpoint a single most important factor. Yet it is clear that a substitute nature of the two transportation modes in addition to direct price-quantity relationship determine most of the transportation rates. (C) 2000 Elsevier Science Ltd. All rights reserved.

Original language	English (US)
Pages (from-to)	127-137
Number of pages	11
Journal	Transportation Research Part E: Logistics and Transportation Review
Volume	36
Issue number	2
DOIs	https://doi.org/10.1016/S1366-5545(99)00025-3
State	Published - Jun 2000

ASJC Scopus subject areas

Business and International Management
Civil and Structural Engineering
Transportation

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10.1016/S1366-5545(99)00025-3

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AB - An econometric model of the barge and rail freight market is developed so that factors which influence barge and rail rates for export-bound grain from Midwest to Mexican Gulf can be better understood. Three-stage least squares 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 determining grains rail and barge transportation rates. Given the interactive nature of supply and demand processes it is difficult to pinpoint a single most important factor. Yet it is clear that a substitute nature of the two transportation modes in addition to direct price-quantity relationship determine most of the transportation rates. (C) 2000 Elsevier Science Ltd. All rights reserved.

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The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: An econometric analysis

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