Freight Costs: Air and Sea

Yulai Wan; Dong Yang

doi:10.1016/B978-0-08-102671-7.10007-7

Freight Costs: Air and Sea

Research output: Chapter in book / Conference proceeding › Chapter in an edited book (as author) › Academic research › peer-review

Abstract

Cost components of air freight transport and maritime shipping are identified and compared by functional areas. Key influential factors of these two modes of freight transport are discussed and special features of individual mode are highlighted. The chapter also provides examples of simplified cost functions of a trip, which are constructed based on one or two key influential factors. Econometric specifications that are widely applied for modeling company-level costs are summarized, followed by a brief discussion on economies of scale, density, and vehicle size based on findings in the literature.

Original language	English
Title of host publication	International Encyclopedia of Transportation
Subtitle of host publication	Volume 1-7
Publisher	Elsevier
Pages	36-45
Number of pages	10
Volume	1
ISBN (Electronic)	9780081026724
ISBN (Print)	9780081026717
DOIs	https://doi.org/10.1016/B978-0-08-102671-7.10007-7
Publication status	Published - 1 Jan 2021

Keywords

Air freight
Aircraft size
Circular network
Cobb-Douglas function
Cost components
Direct operating costs
Economies of density
Economies of scale
Hub-and-spoke network
Ship size
Shipping
Translog function
Trip cost

ASJC Scopus subject areas

General Social Sciences

More information

10.1016/B978-0-08-102671-7.10007-7

Cite this

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AB - Cost components of air freight transport and maritime shipping are identified and compared by functional areas. Key influential factors of these two modes of freight transport are discussed and special features of individual mode are highlighted. The chapter also provides examples of simplified cost functions of a trip, which are constructed based on one or two key influential factors. Econometric specifications that are widely applied for modeling company-level costs are summarized, followed by a brief discussion on economies of scale, density, and vehicle size based on findings in the literature.

KW - Air freight

KW - Aircraft size

KW - Circular network

KW - Cobb-Douglas function

KW - Cost components

KW - Direct operating costs

KW - Economies of density

KW - Economies of scale

KW - Hub-and-spoke network

KW - Ship size

KW - Shipping

KW - Translog function

KW - Trip cost

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M3 - Chapter in an edited book (as author)

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SN - 9780081026717

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EP - 45

BT - International Encyclopedia of Transportation

PB - Elsevier

ER -

Freight Costs: Air and Sea

Abstract

Keywords

ASJC Scopus subject areas

More information

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