A CORPORATE PLANNING MODEL FOR TOFC/COFC TRAFFIC

The objectives of this paper are: 1) to specify and empirically estimate a trailer on flat car/container on flat car (TOFC/COFC) corporate planning model and 2) demonstrate how the results of the model could be used by the participants in the TOFC/COFC logistics system. In the model, intermodal trailers and containers are a function of real U.S. imports of manufactured goods, the price of TOFC/COFC service relative to the price of truckload motor carrier service, the industrial production index for all manufacturing, and the change in the trade-weighted value of the U.S. dollar. The model has a good fit and the explanatory variables have theoretically expected signs and are statistically significant. The paper also demonstrates how corporate planning staffs can combine the elasticities of the TOFC/COFC model with models of the explanatory variables to forecast and simulate total TOFC/COFC traffic.

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    • This paper was also published in the Proceedings of the 40th Annual Meeting of the Transportation Research Forum, October 29-31, 1998, Volume II, pp 535-554.
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    Transportation Research Forum

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  • Authors:
    • German, H W
    • Babcock, M W
  • Publication Date: 2000

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  • English

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  • Accession Number: 00792589
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 14 2001 12:00AM