This paper presents a dynamic programming algorithm to draw optimal intermodal freight routing with regard to international logistics of container cargo for export and import. This study looks into the characteristics of intermodal transport using multi-modes, and presents aWeighted Constrained Shortest Path Problem (WCSPP) model. This study draws Pareto optimal solutions that can simultaneousl…
The world bulk shipping market has been in a peak period since 2003, and this has lasted an incredibly long time considering that the markets are much more complex than before. This paper investigates the characteristics of volatility in dry bulk freight rates of different vessel sizes (capesize, panamax and handysize). The daily returns of freight rate indices of three different types of bulk …
Inland waterways were the first form of mass inland transport to be developed in the UK. In medieval times, rivers formed the main transport arteries of the interior of the country. The only alternative for the movement of goods in substantial quantities was sea transport. Roads were in a rudimentary state and, except over short distances, costs were high.
In his book of 1979, Marvin Manheim put the interrelationship between the transportation system of a region and the socioeconomic system at the heart of transportation systems analysis: ‘The transportation system of a region is tightly interrelated with the socioeconomic system. y This interrelationship is fundamental to our view of transportation systems analysis’ (Manheim, 1979, p. 12). T…
BMI View: In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external in…
Seaports have traditionally been the focus of maritime logistics supply chains. Changing production patterns demanding greater end to end visibility by customers and accessibility to key inland population centers assume greater importance in the organization and design of transport resources and cargo flows.While synchronization of all aspects of the supply chain has become an operational neces…
Containerized freight imports into the US are growing at an average of 10% per year. This traffic is concentrated at a small number of US seaports. It is therefore important to have an accurate understanding of the flow of containers from their origin country through these seaports to their final destination. This paper develops an optimization model to estimate route flows and a corresponding …
The paper presents tendency analysis for advanced technologies. Advanced technologies – is an area having different acceptability and local adaptation levels in different countries, thus it is particularly important to be acquainted with its application possibilities and techniques. Contributing to a more efficient use of existing transport infrastructure, AT becomes a powerful tool in improv…
This paper demonstrates that the structure of ocean container freight rates has become more complex. A growing number of surcharges are being imposed by the carriers on their customers, surcharges that are not only adding significant extra costs but are highly variable over time. These elements are examined based on a data set on export rates from ports on the Northern European Range that have …
The objective of this paper is to explore how container freight rates vary globally and regionally and over time. This is achieved in part by considering freight rates as a measure of economic distance. Unlike absolute distance, which is invariant between locations, economic distance is a relative measure, but like absolute distance it can be mapped. In this paper, the geographical distribution…
The purpose of this paper is to present a parametric model to assess the impacts of information and communication technology (ICT) applications on company freight transportation processes (i.e. “company” perspective). The aim is to support both internal monitoring procedures and the decision-making process of ICT adoption, as well as increase managers’ awareness of these solutions in impr…
The purpose of this paper is to examine how the type of logistics services required by firms is related to the freight characteristics, and to the cost and other dimensions of the services in Mexico.
The purpose of this paper is to examine how the type of logistics services required by firms is related to the freight characteristics, and to the cost and other dimensions of the services in Mexico
The impact of transportation on the supplier selection has received very scant attention in the literature. This is a great limitation because splitting orders across multiple suppliers will lead to smaller transportation quantities which will likely imply larger transportation cost. Moreover, transportation and inventory elements are highly interrelated and contribute most to the total logisti…
We have trimmed back our growth forecast for the Indonesian economy this year, as global and Asian regional growth rates come down, reducing demand for the country's exports. We still believe that the country has solid domestic fundamentals which, to some extent, protect it from the gloomier outside climate. These include strong consumer spending and growing investment in infrastructure. Rising…
We are expecting s lig htly fas ter g rowth at Tanjung Priok in 20 15. In recent years the facility has been benefiting from rapid g rowth on the back of the country's s trong macroeconomic picture. While this g rowth has been pos itive for the port in terms of driving up throug hput, demand has outpaced development and Tanjung Priok is already operating at above its ins talled capacity level. …
Indones ia is the world's larg es t archipelag o, with a s urface area of 1.9 2mn km and a population of 234 .8mn (20 0 3). Es s entially a collection of over 17,0 0 0 is lands , of which 6 ,0 0 0 are inhabited, it s hares land borders with Eas t Timor, Malays ia and Papua New Guinea. The country is located in a s trateg ically important area, along major s ea lanes linking the Indian and Pacif…
Maers k Line is the main container s hipping unit of hig hly divers ified s hipping and energ y cong lomerate AP Moller-Maers k Group. The g roup's other box s hipping s ubs idiaries and brands are MCC Trans port, which operates its intra-As ia route network, Safmarine, which trans ports boxes to and from Africa and the Middle Eas t, Mercos ul (Brazil), intra-Europe carrier Seag o Line and intr…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE). The company's his tory dates back to February 1989 , when it was lis ted on the AMEX and NASDAQ under the name B+H Maritime Carriers . In October 19…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE).
Corporate governance is an area of interest to researchers, stakeholders and the general public. In recent times, there has been an increased concern about the effectiveness of the board within corporate organizations due to corporate scandals and accounting irregularities of some well known firms, which highlighted the inefficiency of monitoring corporate boards and the overseeing of manage…
With dry bulk rates remaining depres s ed and concerns g rowing about a pos s ible fall-off in Chines e demand for imports of coal and iron ore, BMI's view on the dry bulk s ector remains bearis h. The s ector remains hig hly dependent on Chines e demand, as demons trated by the fact that the Baltic Dry Index reacheda 25-year low in February when China s topped importing dry bulk g oods during …
Our freight transport forecast for 2015 shows cargo volume growth will continue at a similar pace to 2014. Both GDP and foreign trade expansion will support the freight sector. In the medium to longer term we continue to think that the key to sustainable growth is investment in port infrastructure, including road and rail links in the hinterland areas. We are encouraged to see that the new gove…
In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external investment i…
In 2016 the air freight mode will see the most significant growth in Indonesia, as trade in Asia is set to rebalance after stalling in 2015 and key sectors such as the pharmaceutical market will see a boost in growth. In our medium-term forecast to 2019, BMI believes the rail and air freight modes will see higher growth than road freight transport, as a result of state and external investment i…
After a slowdown in Asian trade in 2015, Indonesia's trade sector is set to return to growth in 2016 and will strengthen over the medium term. All major commodities exports and imports are expected to return to positive growth and with it, Indonesia's freight transport modes will benefit. Rail and air freight will, in particular, see marked growth as a result of state and external investment in…
After a slowdown in Asian trade in 2015, Indonesia's trade sector is set to return to growth in 2016 and will strengthen over the medium term. All major commodities exports and imports are expected to return to positive growth and with it, Indonesia's freight transport modes will benefit. Rail and air freight will, in particular, see marked growth as a result of state and external investment in…
There are large differences in both speed and costs between the traffic modes road and air. Rail has not yet successfully offered services “faster than road but cheaper than air”, although there are technical, logistical and economical opportunities for competing with air for intra-continental shipments and co-operate for intercontinental ones. The article categorises segments of the Europe…
The purpose of this paper is to provide a critical review of the first ten years of the UK Government’s “transport key performance indicator (KPI)” programme which benchmarks the efficiency of road freight operations.
The behavior of shipping freight (charter) rates and the timing of shipping contracts affect the transportation costs of charterers and the operating cash flows of shipowners. Although the literature has established macroeconomic determinants of shipping freight rates, there has been no systematic investigation of microeconomic determinants of freight rates and the delivery time of chartered sh…
This paper presents a simple argument, based on logic and maritime economic theory alone, for rejecting the applicability of the expectations theory in bulk shipping freight markets. It is shown that the risk premium must be time varying and must, in a systematic fashion, depend upon freight market conditions and the duration of a period time charter. The signs of the risk premium attributable …
This paper examines the diversification of services and activities by freight forwarders in the UK. Following similar studies conducted in the USA, the paper analyses the trends towards service and revenue diversification that has been observed in this sector.
The purpose of this paper is to assess the performance of an online benchmarking tool developed for logistics service users and providers to provide alternative service option in Europe.
The purpose of this paper is to explore the extent to which supply side flexibility tactics market which is characterised by over-supply (as well as under demand).
In 2006, container shipping celebrated its 50th anniversary as an innovation that had a tremendous impact on the geography of production and distribution. Production became globalised by a better usage of comparative advantages while distribution systems were able to interact more efficiently. This paper analyses the mounting pressures on box logistics in light of global supply chains. It will …
A cross section panel model is applied to estimate the effect that the Herfindahl-Hirschman Index (HHI) has on container freight rates for a sample of six major container liner shipping routes during 2009 to 2011. The estimated coefficient of HHI is non-positive and statistically insignificant, indicating that higher concentration level does not lead to high price and the container liner shippi…
This paper presents estimates of logistics costs in Norway. Two different methodological approaches are taken: (i) use of the national freight transport model for Norway, in which logistics costs as a share of gross domestic product (GDP) are obtained from national freight flows between municipalities in Norway and from foreign trading partners and (ii) use of a survey of industry representativ…
The purpose of this paper is to categorize transportation choice research (mode choice and carrier selection) leading to insight on themes in the literature and directions for future research
The integration of business processes across multiple companies can provide economic benefits, thus ensuring the sustainability of the involved companies. However these advantages are accompanied by many potential risks. For instance, emerging disruptions within a supply chain can spread over several partners resulting in economic losses. The purpose of this paper is to focus on the development…
The integration of business processes across multiple companies can provide economic benefits, thus ensuring the sustainability of the involved companies. However these advantages are accompanied by many potential risks. For instance, emerging disruptions within a supply chain can spread over several partners resulting in economic losses. The purpose of this paper is to focus on the development…
The current decade has witnessed a remarkable growth in container transportation and vessel sizes. This has come alongside an increasing need for optimisation of both on the seaside and on the landside. As the linking nodes, container terminals are facing great challenges in handling, stacking and transferring large numbers of containers, and high productivity is the key factor in maintaining t…
The purpose of this paper is to understand and explain how firms use simulation-based decision support systems (DSSs) to optimize container space utilization.
A large number of firms have reconfigured their supply chains. The general trends entail, among others, the reduction, centralization and re-location of plants and distribution centers, the design of new distribution systems, and the reduction of the supplier base. The analysis of the implications of such reconfiguration for freight transport has received comparatively little attention, and mos…
The purpose of this paper is to examine traditional, current and emerging roles played by ports in the context of logistics and supply chain management practice and strategy. The paper also seeks to elaborate the emerging concept of port-centric logistics.
Purpose – South Africa’s logistics cost measurement was expanded to include externality costs, and scenarios based on the key exogenous risks were developed to inform mitigation strategies. This paper aims to discuss these issues. Design/methodology/approach – The research approach is quantitative, based on a gravityorientated freight flow model, a road transport cost model, actual tr…
This purpose of this paper is to present a methodology for optimally planning long-haul road transport activities through proper aggregation of customer orders in separate full-truckload or less-than-truckload shipments in order to minimize total transportation costs.
The purpose of this paper is to assess the extent to which the measures outlined in frameworks for guiding CO2e emissions reduction in road freight transport in the academic literature are actually being realised at a practical level.