CARGO DAMAGE RISKS OF BARGE ACCIDENTS

This study investigates determinants of the cargo damage risks of barge accidents in U.S. waters. Probit estimation results suggest that these risks in both bulk and tank barge accidents are greater: (1) for collision and material/equipment failures than for grounding accidents and (2) if the accident occurs in a river and at night. Among categorical variables, a fire/explosion (material/equipment failure) in a bulk (tank) barge accident has the largest marginal probability effect upon cargo damage. Specifically, a fire/explosion (material/equipment failure) increases the risk of cargo damage in a bulk (tank) barge accident by .085 (.044). The results suggest that policies that reduce fire/explosion (material/equipment failure) accidents are likely to be efficacious in reducing bulk (tank) barge cargo damage.

Language

  • English

Media Info

  • Features: Appendices; References; Tables;
  • Pagination: p. 70-87

Subject/Index Terms

Filing Info

  • Accession Number: 00804772
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 10 2001 12:00AM