DEMAND ANALYSIS AND MODELING OF FREIGHT TRANSPORTATION

This paper, which appears in a compendium of conference papers, describes a study that examines an approach to modeling freight mode choice decisions, seeking to understand the behavior of shippers in choosing between air and truck for goods movement. Data on actual choices were gathered from published data and merged with data from other research studies into a database. A probabilistic model of mode choice was developed to measure the importance of transport attributes and commodity characteristics to shippers. Empirical models were estimated for several specifications, and the freight rate and travel time elasticities determined with respect to air, indicating shipper sensitivity to air freight rates in relation to the air mode choice. The predictive power of the calibrated model was tested on a held-out sample. The model was found to be reasonably accurate. Further accuracy could be accomplished if data on other variables affecting mode choice became available.

Language

  • English

Media Info

  • Features: Tables;
  • Pagination: 12p

Subject/Index Terms

Filing Info

  • Accession Number: 00713765
  • Record Type: Publication
  • Files: TRIS, TRB, STATEDOT
  • Created Date: Nov 20 1995 12:00AM