Determinants of European freight rates: The role of market power and trade imbalance
نویسنده
چکیده
This paper investigates the determinants of freight rates between six European countries and 47 partners. We show that the inward freight rates are, on average, 23% higher than for outward ones, indicating that the cost of repositioning empty containers is mainly carried by European importers. Moreover, we have broken down the freight rates into basic ocean freight and surcharges in order to analyze the impact of each explanatory variable on these two components. It appears that basic ocean freight depends mainly on factors that define the structure of shipping lanes, while surcharges are more time sensitive. 2013 Elsevier Ltd. All rights reserved.
منابع مشابه
Freight transport development forecasts in enterprises management
In this study, an investigation of long-term forecasts relating to the development of the transport sector in Poland is performed, including the ones by 2030 and 2050. Selected transport development forecasts from the perspective of the membership of Poland in the European Union are presented and most of all, from the perspective of national studies. The basement for the review was the prognosi...
متن کاملTransportation, freight rates, and economic geography
a r t i c l e i n f o We investigate the role of competitive transport markets in shaping the location of economic activity and the pattern of trade. In our model, carriers supply transport services for shipping manufactured goods, and freight rates are set to clear transport markets. Each carrier must commit to the maximum capacity for a round-trip and thus faces a logistics problem as there a...
متن کاملChallenges and Prospects of European Railways
In the present paper, challenges and prospects of the European railways, along with a proposal for a new strategy policy and specific measures are presented. The declining course of European railways concerning traffic and revenues is first analyzed. Conditions to introduce intra - modal competition are surveyed, among them separation of infrastructure fro...
متن کاملThe Effects of Trade Integration, Globalization and Foreign Direct Investments on Employment in Iranian Manufacturing Sector
This paper focuses on two major aspects of globalization: international trade and FDI and their impacts on manufacturing employment in Iran and study whether foreign direct investment and trade expansion with Asian and European partner played any role in shaping the Iranian manufacturing employment structure. This study incorporates globalization (KOF index), trade integration and FDI into a si...
متن کاملThe Structure of the World Pharmaceutical Market: Prioritizing Iran’s Target Export Markets
Iran`s pharmaceutical products market as one of the major markets of the country has been faced with fluctuations over time. Suitable market selection is necessary for stability of pharmaceutical exports. Study of the global market structure of this product leads to policy makers in development, production, and trade of pharmaceuticals and finally increases country’s share of the world pharmace...
متن کامل