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

Author

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

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.

Suggested Citation

  • Miljkovic, Dragan & Price, Gregory K. & Hauser, Robert J. & Algozin, Kenneth A., 2000. "The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: an econometric analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 36(2), pages 127-137, June.
    • Handle: RePEc:eee:transe:v:36:y:2000:i:2:p:127-137
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    Cited by:

    1. Haigh, Michael S. & Bryant, Henry L., 2001. "The effect of barge and ocean freight price volatility in international grain markets," Agricultural Economics, Blackwell, vol. 25(1), pages 41-58, June.
    2. Tun-Hsiang Yu & David Bessler & Stephen Fuller, 2006. "Effect of lock delay on grain barge rates: examination of upper Mississippi and Illinois Rivers," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(4), pages 887-908, December.
    3. Yu, Tun-Hsiang (Edward) & Bessler, David A. & Fuller, Stephen W., 2004. "Analysis Of Dynamic Interrelationships Between Transportation Rates And Grain Prices," 2004 Annual meeting, August 1-4, Denver, CO 20339, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Michael S. Haigh & Henry L. Bryant, 2000. "The effect of barge and ocean freight price volatility in international grain markets," Agricultural Economics, International Association of Agricultural Economists, vol. 25(1), pages 41-58, June.
    5. Chi, Junwook & Baek, Jungho, 2011. "Demand Analysis for Coal on the United States Inland Waterway System: Fully‐Modified Cointegration (FM‐OLS) Approach," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 50(1).
    6. Yu, Tun-Hsiang & Zhang, Jin, 2006. "Freight Transportation Demands on the Upper Mississippi and Illinois Rivers," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 45(2).
    7. Yu, Tun-Hsiang (Edward) & Fuller, Stephen W., 2004. "Estimates of Grain Barge Demands for the Upper Mississippi and Illinois Rivers," 45th Annual Transportation Research Forum, Evanston, Illinois, March 21-23, 2004 208235, Transportation Research Forum.
    8. Babcock, Michael W. & Fuller, Stephen, 2007. "A Model of Corn and Soybean Shipments on the Ohio River," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 46(2).
    9. Dragan Miljkovic, 2001. "Transporting export-bound grain by rail: Rail rates in the Post-Staggers Rail Act Period," Transportation, Springer, vol. 28(3), pages 297-314, August.
    10. Elżbieta Szaruga & Elżbieta Załoga & Arkadiusz Drewnowski & Paulina Dąbrosz-Drewnowska, 2023. "Convergence of Energy Intensity of the Export of Goods by Rail Transport: Linkages with the Spatial Integration and Economic Condition of Countries," Energies, MDPI, vol. 16(9), pages 1-24, April.
    11. Yu, Tun-Hsiang & Fuller, Stephen W., 2005. "The Measurement of Grain Barge Demand on Inland Waterways: A Study of the Mississippi River," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 44(1).
    12. Babcock, Michael W. & Fuller, Stephen, 2007. "A Model Of Corn And Soybean Shipments On The Ohio River," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207924, Transportation Research Forum.

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