Characteristics of Spot-market Rate Indexes for Truckload Transportation PDF Download
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Author: Andrew Souglas Bignell
Publisher:
ISBN:
Category :
Languages : en
Pages : 93
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Book Description
In the truckload transportation industry in the United States, a number of indexes are published that attempt to measure changes in rates, but no single index has emerged as an industry standard. Industry participants, particularly those exposed to the spot-market, have found that existing indexes do not effectively represent their experiences in the marketplace. A widely-used and valid spot-market index could allow for more effective tactical decision-making, the development of freight derivatives, stronger analysis and negotiation of contract rates, and contracts with index-tied rates. This paper examines pricing indexes from other industries and expands upon a framework of characteristics that support successful indexes. Using this framework to evaluate existing industry indexes, it finds that two commonly used indexes are not designed appropriately for use by the spot-market. It also examines rates experienced by a large North American provider of non-asset based logistics services and finds that they differ significantly from rates measured by existing indexes. The analysis suggests that indexes of the spot market would be improved by disaggregating rate information based on geography and tender lead time.
Author: Andrew Souglas Bignell
Publisher:
ISBN:
Category :
Languages : en
Pages : 93
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Book Description
In the truckload transportation industry in the United States, a number of indexes are published that attempt to measure changes in rates, but no single index has emerged as an industry standard. Industry participants, particularly those exposed to the spot-market, have found that existing indexes do not effectively represent their experiences in the marketplace. A widely-used and valid spot-market index could allow for more effective tactical decision-making, the development of freight derivatives, stronger analysis and negotiation of contract rates, and contracts with index-tied rates. This paper examines pricing indexes from other industries and expands upon a framework of characteristics that support successful indexes. Using this framework to evaluate existing industry indexes, it finds that two commonly used indexes are not designed appropriately for use by the spot-market. It also examines rates experienced by a large North American provider of non-asset based logistics services and finds that they differ significantly from rates measured by existing indexes. The analysis suggests that indexes of the spot market would be improved by disaggregating rate information based on geography and tender lead time.
Author: Shraddha Sudipta Rana
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
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Book Description
Accurate forecasting of transportation costs is a key step in logistical planning. It helps buyers and sellers of transportation services make better decisions at all stages of a supply chain, thus creating a significant need to develop forecasting techniques that give useful results. First, we study the truckload market in the US by defining indicators that capture the market characteristics. Then we explore techniques for making short term weekly forecasts for truckload spot market rates at a national level and of selected 3-Zip origin regions in the USA. Short term spot rate forecasts help with making operational decisions, estimating budget for shippers, and cash flow for carriers. But making frequent forecasts for volatile time series such as truckload spot rates comes with its challenges. We solve the problem using four models: Naive, Moving Average, Auto Regressive Integrated Moving Average, and Feed-Forward Neural Networks. Additionally, we employ concept drift handling techniques to re-train the models regularly with new information to account for changes that may appear in the underlying data structure over time. Finally, we draw inferences from the MAPEs of the models and comment on their merit.
Author: Tingsong Wang
Publisher: Elsevier
ISBN: 0128115033
Category : Social Science
Languages : en
Pages : 206
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Book Description
Liner Ship Fleet Planning: Models and Algorithms systematically introduces the latest research on modeling and optimization for liner ship fleet planning with demand uncertainty. Container shipping companies have struggled since the financial crisis of 2007-2008, making it critical for them to make informed decisions about their fleet planning and development. Current and future shipping professionals require systematic approaches for investigating and solving their fleet planning problems, as well as methodologies for addressing their other shipping responsibilities. Liner Ship Fleet Planning addresses these needs, providing the most recent quantitative research of liner shipping in maritime transportation. The research and methods provided assist those tasked with optimizing shipping efficiency and fleet deployment in the face of uncertain demand. Suitable for those with any level of quantitative background, the book serves as a valuable resource for both maritime academics, and shipping professionals involved in planning and scheduling departments. - Introduces the latest research on maritime transportation problems - Analyzes problems of liner ship fleet planning, taking uncertainty into account - Promotes the use of mathematics to manage uncertainty, using stochastic programming models, and proposing solution algorithms to solve proposed models - Includes case studies that provide detailed examples of real-world examples of fleet optimization - Explains how stochastic programming modeling methods and solution algorithms can be applied to other research fields featuring uncertainty, such as container yard planning, berth allocation and vehicle deployment problems
Author: Costas Grammenos
Publisher: Taylor & Francis
ISBN: 1135134065
Category : Law
Languages : en
Pages : 1093
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Book Description
This book is the founding title in the Grammenos Library. The diversity of the subjects covered is unique and the results of research developed over many years are not only comprehensive, but also have important implications on real life issues in maritime business. The new edition covers a vast number of topics, including: • Shipping Economics and Maritime Nexus • International Seaborne Trade • Economics of Shipping Market and Shipping Cycles • Economics of Shipping Sectors • Issues in Liner Shipping • Economics of Maritime Safety and Seafaring Labour Market • National and International Shipping Policies • Aspects of Shipping Management and Operations• Shipping Investment and Finance • Port Economics and Management • Aspects of International Logistics
Author: Manolis G. Kavussanos
Publisher: Taylor & Francis
ISBN: 1000368963
Category : Transportation
Languages : en
Pages : 555
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Book Description
This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. It identifies and analyses the sources of risk in the shipping business and explores in detail the “traditional” and “modern” strategies for risk management at both the investment and operational levels of the business. The special features and characteristics of all available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as “the reference” point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry. Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.
Author: Shuo Ma
Publisher: Routledge
ISBN: 1317330102
Category : Business & Economics
Languages : en
Pages : 547
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Book Description
This book provides a comprehensive introduction to the economics of the business of maritime transport. It provides an economic explanation of four aspects of maritime transport, namely, the demand, the supply, the market and the strategy. The book first explains why seaborne trade happens and what its development trends are; it then analyses the main features of shipping supply and how various shipping markets function; the book finally addresses the critical strategic issues of the shipping business. The full range of different types of shipping are covered throughout the chapters and cases. The book combines the basic principles of maritime transport with the modern shipping business and the latest technological developments, particularly in the area of digital disruption. The ideas and explanations are supported and evidenced by practical examples and more than 160 tables and figures. The questions posed by the book are similar to those that would be asked by the students in their learning process or the professionals in the business environment, with the answers concentrating on the reasons for what has happened and will happen in the future rather than merely fact-telling or any specific forecast. The book is most suited for students of shipping-related disciplines, and is also a valuable reference for maritime professionals.
Author: Shun Chen
Publisher: CRC Press
ISBN: 1317701615
Category : Law
Languages : en
Pages : 437
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Book Description
This book models price behaviour and forecasts prices in the dry bulk shipping market, a major component of the world shipping industry. Recent uncertainties in the world economy, shipbuilding developments and fleet changes mean the dry bulk shipping market has become extremely volatile, highly speculative and more sensitive to external shocks. In response to these challenging circumstances, this book models price behaviour and forecasts prices in various markets including the freight market, the new build ship market and the second-hand ship market. The authors have carried out an extensive investigation of dry bulk shipping over a 60-year period in diverse sub-markets, trading routes, market conditions and dry bulk vessels. The authors also propose a framework for analysing and modelling the economic processes of numerous variables in the dry bulk shipping market, making use of modern econometric techniques and other economic approaches. This will be especially useful for the control and assessment of risk for ship owners and charterers in ship operation, ship chartering and ship trading activities. This book will be extremely useful for shipbuilders, owners and charterers, as well as shipping analysts and policymakers. It will also be of great interest to academics and researchers concerned with the economics of the shipping industry.
Author: Theo Notteboom
Publisher: Routledge
ISBN: 1000526933
Category : Transportation
Languages : en
Pages : 812
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Book Description
Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors’ extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.
Author: A. Alizadeh
Publisher: Springer
ISBN: 0230235808
Category : Business & Economics
Languages : en
Pages : 528
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Book Description
A comprehensive book on shipping derivatives and risk management which covers the theoretical and practical aspects of financial risk in shipping. The book provides a thorough overview of the practice of risk management in shipping with the use of theoretical examples and real-life applications.
Author:
Publisher:
ISBN:
Category : Statistics
Languages : en
Pages : 992
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Book Description
