Search results

Deregulation shifts the responsibility for mitigation of agency problems from the regulatory parties to the firms' shareholders. We investigate whether and how governance structure changes in response to the dynamics of the new business environment after the Regulatory Reform Act of 1994 for the US trucking industry. We show that deregulation increases market competition in the trucking industry. The deregulated trucking firms not only adjust internal governance structure but also alter antitakeover provisions to adapt themselves to the competitive status of business environment after deregulation.

Recent supply chain disruptions have highlighted the global shortage of truck drivers. Because it is a quintessential “masculine” profession, the proportion of women truck drivers is small, although efforts are underway to recruit and retain women. This research offers a comprehensive and theoretically-driven empirical analysis of women in the US trucking industry.

The research utilizes a detailed longitudinal database of 20 million driver inspections from 2010 to 2019. It is paired with US Social Security Administration data to infer the gender of the driver for each inspection. Descriptive evidence is provided, and a logit model is used to test the hypotheses.

The research finds that female truck drivers make up 3.2% of the inspection sample, but their representation has grown by 23.1% over the last decade. Women are vastly overrepresented in the jobs that are the easiest to get and underrepresented in jobs that offer better pay, more regular hours and more time at home. However, the proportion of women in more desirable truck driving jobs has grown from 2010 to 2019, offering positive news for the industry.

The research offers a more credible and realistic statistic for the proportion of women in the industry, contradicting previous industry figures. The research also highlights policy implications for industry stakeholders.

The truck driving industry is vital for a nation's economic sustainability. Truck driving jobs offer better wages and more opportunity than many non-professional female-dominant jobs. The research emphasizes the path to move into jobs that are better suited for women with domestic or family responsibilities.

The authors document hitherto unknown facts about women in the US trucking industry. Using theoretically driven research in organizational science, this study highlights the interplay of supply-side and demand-side factors that help to explain a nuanced perspective of the workforce composition and discusses potential policies to increase the number of female drivers.

Chronic driver turnover can adversely influence a trucking firm's competitiveness through disrupted delivery services, equipment down time and excessive recruiting expenses. Thus, a key to the survival of the trucking firm rests with its ability to recruit and retain qualified drivers who are less likely to cause turnover. In an effort to develop the ways to recruit and retain those drivers, we propose data mining techniques. Based on an empirical study of trucking firms in the USA, this paper not only develops a viable driver recruitment and retention strategy, but it also demonstrates the usefulness of the proposed data mining techniques.

This paper aims to investigate whether firms strategically use retirement plans to retain employees with core competencies and whether offering these retirement plans provides competitive advantages that lead to greater profitability.

The data set consists of annual financial data reported to the US Department of Transportation by long haul truckload carriers. The paper uses linear regression analysis to test the hypotheses. Descriptive statistics, univariate comparisons and robustness tests are also reported.

The findings support the assertion that offering a retirement plan is positively related to the attraction and retention of skilled workers and that firms that offer retirement plans are more profitable.

Data limitations preclude proving a definitive causal relationship. With the increasing availability of rich and timely data sets at both the firm and employee levels, future research may enhance the understanding of the role that pensions play in both labor and firm productivity.

This study provides evidence that retirement plans may serve as a strategic tool in highly competitive industries characterized by high labor turnover. This study shows that by analyzing the degree of cost stickiness in income statement line-items, it is possible to bypass the need for more granular analyses to uncover meaningful economic relationships. Finally, this study contributes to the literature examining the implications of operating decisions for financial performance (a balanced scorecard perspective), and it shows that offering pension benefits is related to stronger financial performance.

The purpose of this paper is to solicit perspectives from stakeholders concerning health, environmental and operational challenges among Commercial motor vehicle (CMV) drivers in Canada (truck and bus drivers).

Two focus groups and one interview were conducted with key industry, government and advocacy groups representing or working with CMV drivers. Perspectives pertaining to working conditions, health issues, driver recruitment and retention, and other key issues in the CMV sector were obtained.

The findings show that undesirable working conditions are primary issues that impact recruitment and retention, as well as health and wellness (H&W), and productivity of drivers in both the truck and bus sectors. Compared to our US counterparts, finding parking areas and rest stops were seen as a major issue for Canadian truckers (particularly in the north). Unfortunately, there is limited or out-dated information on drivers and companies in Canada. Stakeholders stated the need for more information from both carriers/companies and from drivers themselves (particularly long-haul drivers).

This study identifies gaps and key priority research areas pertaining to the H&W of the CMV sector in Canada that require further investigation.

CMV drivers are considered a vulnerable sector of the population. While drivers themselves have reported on undesirable work conditions leading to poor health, prior studies have not assessed the awareness or perspective of stakeholders involved in the CMV sector. This is the first study to capture stakeholder perspectives of the working conditions and health outcomes of CMV drivers.

Unprecedented endeavors have been made to take autonomous trucks to the open road. This study aims to provide relevant information on autonomous truck technology and to help logistics managers gain insight into assessing optimal shipment sizes for autonomous trucks.

Empirical data of estimated autonomous truck costs are collected to help revise classic, conceptual models of assessing optimal shipment sizes. Numerical experiments are conducted to illustrate the optimal shipment size when varying the autonomous truck technology cost and transportation lead time reduction.

Autonomous truck technology can cost as much as 70% of the price of a truck. Logistics managers using classic models that disregard the additional cost could underestimate the optimal shipment size for autonomous trucks. This study also predicts the possibility of inventory centralization in the supply chain network.

The findings are based on information collected from trade articles and academic journals in the domain of logistics management. Other technical or engineering discussions on autonomous trucks are not included in the literature review.

Logistics managers must consider the latest cost information when deciding on shipment sizes of road freight for autonomous trucks. When the economies of scale in autonomous technology prevail, the classic economic order quantity solution might again suffice as a good approximation for optimal shipment size.

This study shows that some models in the literature might no longer be applicable after the introduction of autonomous trucks. We also develop a new cost expression that is a function of the lead time reduction by adopting autonomous trucks.

Traditionally, economic production models consider pollution as bads that may be modeled as either outputs or inputs in economic models. The purpose of this paper is to examine the implications of these modeling choices on the measurements of productive efficiency and private costs of pollution control.

The authors apply the hyperbolic distance functions to measure trucking efficiency and the private costs of pollution control.

The results show: (i) regardless of the choice of modeling, when only one bad was incorporated in hyperbolic distance functions, the efficiency loss and private abatement cost measures derived from the two models were equivalent, but potential pollution reduction and good output expansion differed; (ii) when more than one bad were introduced, the equivalence of efficiency loss measure in (i) did not hold; and (iii) the potential amounts of pollution reduction and good output expansion were larger when bads were modeled as inputs. With multiple bads, private abatement costs varied considerably under the two modeling treatments.

From a policy standpoint, the results suggest that one should consider the modeling options with caution when multiple economic bads are involved, because the resulting measures of economic burden of pollution control differ.

The paper shows that the traditional conceptual framework for modeling pollution in hyperbolic distance functions could yield inconsistent results.

The purpose of this paper is to examine the long-term cointegrating relationship between ocean, rail, truck and air cargo freight rates, as well as the short-term dynamics between these four series. The authors also test the predictive ability of these freight rates on major economic indicators.

The authors employ a vector error-correction model using 16 years of monthly time series data on freight rate data in the ocean, truck, rail and air cargo sectors to examine the interrelationship between these series as well as their interrelationship with major economic indicators.

The authors find that truck freight rates and as well as dry bulk freight rates have the strongest predictive power over other transportation freight rates as well as for the four major economic indicators used in this study. The authors find that dry bulk freight rates lead other freight rates in the short-run but lag other freight rates in the long run.

While ocean freight rate time series have been examined in a large number of studies, little research has been done on the interrelationship between ocean freight rates and the freight rates of other modes of transportation. Through the use of data on five different freight rate series, the authors are able to assess which rates lead and which rates lag each other and thus assist future researchers and practitioners forecast freight rates. The authors are also one of the few studies to assess the predictive power of non-ocean freight rates on major economic indicators.

This paper examines what facilitates the swift reconfiguration of freight movements across transport modes in the wake of a major disaster.

A qualitative research approach focussing on the New Zealand (NZ) domestic freight transport operations in the wake of the 2016 Kaikōura earthquake is used with data collected through 19 interviews with 27 informants. The interviews are thematically analysed by using the framework method.

The paper provides rich and detailed descriptions of the ability of a freight transport system to recover from a disaster through rapid modal shifts. This paper identifies nine factors enabling modular transport operations and highlights the critical role of physical, digital, operational and inter-organisational interconnectivity in the aftermath of a disaster.

Although the management of freight disruptions has become a prevalent topic not only in industry and policy-making circles, but also in the academic literature, qualitative research focussing on the ability of commercial freight systems to adapt and recover from a disaster through rapid modal shifts is limited. This qualitative study sheds light on the mechanisms underlying the continuity of freight operations in the wake of a disaster and provides a comprehensive understanding of modular transport operations and the ability of freight systems to keep goods moving.