Effect of lock delay on grain barge rates: examination of upper Mississippi and Illinois Rivers

Yu, Tun‐Hsiang; Bessler, David A.; Fuller, Stephen W.

doi:10.1007/s00168-005-0057-z

Cited by 7 publications

(5 citation statements)

References 8 publications

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“…Upon examining delays at locking systems, however, there was either no or a very weak relation between travel speed and barge rates. This indicates that while the average speed of barge transportation through its entire course has a significant impact on barge rates, individual locks with relatively high delays were largely insignificant when taking into account the entirety of a barge's trip (Yu, Bessler, and Fuller 2006).…”

Section: Literaturementioning

confidence: 99%

“…This provides evidence for maintaining the current condition of locks but little justification for large-scale improvements. Yu, Bessler, and Fuller (2006) link lock delays to barge transportation efficiency by employing a vector autoregressive model. Results suggest that the strongest relation affecting barge rates in different river segments, apart from own lagged values, are the lagged values of barge rates in neighboring segments.…”

Section: Literaturementioning

confidence: 99%

“…Agricultural Marketing Service and are defined as weekly totals of grain movements on barges through locks. This variable is similar to the barge-count variable employed by Yu, Bessler, and Fuller (2006) in their analysis of barge-transit speed and is included in the model as the amount of transported grain at that time. The grain movement variable serves as a variable that accounts for river traffic levels and is directly related to barge transit and delay times.…”

Section: Barge Rates and Draft Depthmentioning

confidence: 99%

“…For example, some studies have centered on quantifying how the lock and dam infrastructure system relates to the travel time of a barge across river segments. In light of an aging river infrastructure system, research has examined the extent to which lock delays and closures reduce barge transportation efficiency and divert agricultural commodity transportation from barges to substitute means of transportation (Fuller and Grant 1993;Gervais et al 2001;Yu, Bessler, and Fuller 2006;Corps of Engineers 2010). Results reveal a relatively weak relation between lock delays and barge rates.…”

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confidence: 99%

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Rejuvenating Mississippi River's Post‐Harvest Shipping

Wetzstein¹,

Florax

Foster

et al. 2018

Applied Eco Perspectives Pol

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The Mississippi River plays a vital role in the global competitiveness of U.S. agricultural commodities. The key to the river's effectiveness is how efficiency it can carry bulk loads. However, limited research has investigated how barge-load size affects efficiency. It is hypothesized that increasing the load-size will enhance barge transportation efficiency. As a test, a vector autoregressive model was developed, with results supporting the hypothesis. Barge-rate volatility and magnitude may be reduced by regulating draft depth, which is the main constraint for barge load size.

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Section: Literaturementioning

confidence: 99%

Section: Literaturementioning

confidence: 99%

Section: Barge Rates and Draft Depthmentioning

confidence: 99%

mentioning

confidence: 99%

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Rejuvenating Mississippi River's Post‐Harvest Shipping

Wetzstein¹,

Florax

Foster

et al. 2018

Applied Eco Perspectives Pol

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“…Map of upper Mississippi and Illinois Rivers with locks and dams.Source:Figure 1inYu, Bessler and Fuller (2006) Tables…”

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confidence: 99%

Essays on agricultural, financial economics and education

Baysse¹,

Manuel²

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This dissertation is devoted to the study of three different topics under the advice of three different mayor professors. The only thing these topics have in common is the interest and curiosity of the author to explain real life events, using applied econometric techniques. Chapter 2 applies financial tools to assess whether stock values reacted across world markets to the announcement of indexes that synthesize the environmental performance of the world's largest publicly-traded companies. The environmental index selected for this purpose is the "Global 100 Ranking" (G100), a ranking of the 100 largest public companies by market capitalization. The results show that the market reacted to the "Global 100 Ranking" by changing the relative price of the stocks, but not the value of the portfolio. We also find that investors in US-traded stocks are more interested in past environmental performance than on managerial quality, while the opposite is true for investors in non-UStraded stocks. Chapter 3 estimates simultaneous equation models of barge and railroad rates for specific origin-destinations and grains (corn, wheat, and soybeans) in the US, using data from the Grain Transportation Report. Evidence of specific route competitiveness of various grains was found. Interestingly, it was possible to identify a railroad route with prices as complementary of barge rates, which may increase railroad market power. River levels affect barge rates, but there are differences for corn and wheat, 1. References

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