EconPapers    
Economics at your fingertips  
 

Changes in rail rates for U.S. commodity grain shipments over time

Keaton Miller and Wesley Wilson

Research in Transportation Economics, 2023, vol. 102, issue C

Abstract: The deregulation of the U.S. railroad industry has largely been considered a success, as costs and rates have fallen due to changes in the mix of traffic and industry consolidation. However, rates did not fall as quickly as costs, and since 2000 rates have been rising while many measures of cost have remained relatively stable. We investigate these changes in rail rates using a sample of agricultural shipments from 2000–2016. We provide evidence that even after controlling for changes in cost drivers such as fuel, the relationships between prices and determinants have changed over time, suggesting that railroad pricing rules have driven increases in rates faced by shippers.

Keywords: Railroads; Deregulation; Agriculture; Commodities (search for similar items in EconPapers)
JEL-codes: L11 L92 Q02 Q11 R41 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739885923000999
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:102:y:2023:i:c:s0739885923000999

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2023.101359

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:retrec:v:102:y:2023:i:c:s0739885923000999