PRICE RESPONSE OF TRUCK-SERVICE SUPPLIERS IN AN UNREGULATED MARKET

The unregulated Florida produce truck-service market is studied to determine whether truck-service suppliers respond to competitive signals. Each year, Florida has two produce shippng peaks--one in winter and one in spring. Although weekly shipping volumes for the two peaks are approximately the same, the predominant truck-service buyers in the two peaks have very different price bidding behavior. The prices bid in the winter fluctuate with the quantity of truck service supplied, and there is a strong statistical relation between the two. The prices bid during the spring remain rigid, and spot shortages in truck service are generally observed in the spring. By using the winter shipping season as an example, truck-service supply is found to respond efficiently to competitive price signals. This implies that, if spring prices were bid with respect to market conditions instead of at rigid levels, shortages could be alleviated. This finding also provides an example of the efficient response of unregulated truck service to price signals. (Author)

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/trr/1982/889/889-005.pdf
• Summary URL:
  • https://scholar.google.com/scholar_lookup?title=PRICE+RESPONSE+OF+TRUCK-SERVICE+SUPPLIERS+IN+AN+UNREGULATED+MARKET&author=T.+Maze&publication_year=1982
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0309035015
• Supplemental Notes:
  • Publication of this paper sponsored by Committee on Passenger and Freight Transportation Characteristics. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Maze, T H
• Publication Date: 1982

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 26-33
• Monograph Title: Freight modeling and forecasting
• Serial:
  • Transportation Research Record
  • Issue Number: 889
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Agriculture; Competition; Demand; Deregulation; Loop detectors; Motor carriers; Pricing; Supply
• Uncontrolled Terms: Supply and demand
• Old TRIS Terms: Response
• Subject Areas: Highways; Motor Carriers; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00372993
• Record Type: Publication
• ISBN: 0309035015
• Files: TRIS, TRB
• Created Date: Jun 30 1983 12:00AM