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Attributes driving the selection of trucking services and the quantification of the shipper’s willingness to pay

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  • Mesa-Arango, Rodrigo
  • Ukkusuri, Satish V.

Abstract

This paper investigates the selection of trucking services by shippers that require the movement of truck shipments. A set of pragmatic attributes are postulated to describe trucking services. They are used in a stated choice experiment that collects data and preferences from shippers. A mixed logit model is estimated in order to test the attributes and quantifying the shipper willingness to pay for them. The results are used to provide meaningful negotiation guidance for truck-related shippers and carriers, a significant contribution to literature in transportation, logistics, and supply chain management. A numerical example illustrates the use of the model.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:transe:v:71:y:2014:i:c:p:142-158
    DOI: 10.1016/j.tre.2014.09.004
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    2. Menegaki, Angeliki, N. & Olsen, Søren Bøye & Tsagarakis, Konstantinos P., 2016. "Towards a common standard – A reporting checklist for web-based stated preference valuation surveys and a critique for mode surveys," Journal of choice modelling, Elsevier, vol. 18(C), pages 18-50.
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    5. Vega, Amaya & Feo-Valero, Maria & Espino-Espino, Raquel, 2018. "The potential impact of Brexit on Ireland's demand for shipping services to continental Europe," Transport Policy, Elsevier, vol. 71(C), pages 1-13.

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