IDEAS home Printed from https://ideas.repec.org/a/eee/transe/v46y2010i5p667-682.html
   My bibliography  Save this article

Estimating and benchmarking Less-than-Truckload market rates

Author

Listed:
  • Özkaya, Evren
  • Keskinocak, PInar
  • Roshan Joseph, V.
  • Weight, Ryan

Abstract

In this paper, we present a regression-based methodology that can estimate the Less-than-Truckload (LTL) market rates with high reliability using an extensive database of historical shipments from continental United States. Our model successfully combines the quantitative data with qualitative market knowledge to produce better LTL market rate estimates which can be used in benchmarking studies allowing carriers and shippers to identify cost saving opportunities. We identify the main drivers of LTL pricing and reveal the effects of certain industry practices on the final market rates.

Suggested Citation

  • Özkaya, Evren & Keskinocak, PInar & Roshan Joseph, V. & Weight, Ryan, 2010. "Estimating and benchmarking Less-than-Truckload market rates," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(5), pages 667-682, September.
  • Handle: RePEc:eee:transe:v:46:y:2010:i:5:p:667-682
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1366554509001240
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ni, Linglin & Wang, Xiaokun, 2021. "Load factors of less-than-truckload delivery tours: An analysis with operation data," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 150(C).
    2. Rancourt, Marie-Ève & Bellavance, François & Goentzel, Jarrod, 2014. "Market analysis and transportation procurement for food aid in Ethiopia," Socio-Economic Planning Sciences, Elsevier, vol. 48(3), pages 198-219.
    3. Chabot, Thomas & Bouchard, Florence & Legault-Michaud, Ariane & Renaud, Jacques & Coelho, Leandro C., 2018. "Service level, cost and environmental optimization of collaborative transportation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 110(C), pages 1-14.
    4. Heydari, Jafar, 2014. "Lead time variation control using reliable shipment equipment: An incentive scheme for supply chain coordination," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 63(C), pages 44-58.
    5. Jason W. Miller, 2018. "ARIMA Time Series Models for Full Truckload Transportation Prices," Forecasting, MDPI, vol. 1(1), pages 1-14, September.
    6. Zolfagharinia, Hossein & Haughton, Michael, 2018. "The importance of considering non-linear layover and delay costs for local truckers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 109(C), pages 331-355.
    7. Engebrethsen, Erna & Dauzère-Pérès, Stéphane, 2019. "Transportation mode selection in inventory models: A literature review," European Journal of Operational Research, Elsevier, vol. 279(1), pages 1-25.
    8. Tamvada, Srinivas Subramanya & Mansouri, Bahareh & Hassini, Elkafi & Pribytkov, Theodore, 2021. "An integer programming model and directed Steiner-forest based heuristic for routing less-than-truckload freight," International Journal of Production Economics, Elsevier, vol. 232(C).
    9. Christian Brabänder & Maximilian Braun, 2020. "Bringing economies of integration into the costing of groupage freight," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(6), pages 366-385, December.
    10. Agrell, Per J. & Lundin, Johan & Norrman, Andreas, 2017. "Supply Chain Management: Horizontal carrier coordination through cooperative governance structures," International Journal of Production Economics, Elsevier, vol. 194(C), pages 59-72.
    11. Park, Arim & Chen, Roger & Cho, Soohyun & Zhao, Yao, 2023. "The determinants of online matching platforms for freight services," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 179(C).
    12. Gahm, Christian & Brabänder, Christian & Tuma, Axel, 2017. "Vehicle routing with private fleet, multiple common carriers offering volume discounts, and rental options," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 97(C), pages 192-216.
    13. Mesa-Arango, Rodrigo & Ukkusuri, Satish V., 2014. "Attributes driving the selection of trucking services and the quantification of the shipper’s willingness to pay," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 71(C), pages 142-158.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transe:v:46:y:2010:i:5:p:667-682. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.