• Title/Summary/Keyword: Freight Transportation Business

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A Study on Pooling of the Road Freight Transport Information System (공로화물수송정보 시스템의 공동화용화 방안에 관한 연구)

  • 유병석;김쾌남
    • Journal of Korean Society of Transportation
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    • v.3 no.1
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    • pp.58-75
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    • 1985
  • On facing the information society, the multi-faceted information utilization and the establishment of synthetic information management system in the overall industry and business administration have raised considerable attention. Thus, this study aims at the improvement of freight transport management through the establishment of pooling of the road freight transport information system as its effective information supporting system. Especially, it describes the freight transport information network, structure, function, and subject of the freight transport information center, as a basic planning design for the freight transport information system. Furthermore, it deals with the identification of the systems design requirements, working process, and S/W & H/W design specifications. Finally, we expect that this study will be contributed for the improvement of the road freight transport business to meet both the increase of freight transport demands due to the continuing economic growth and the social needs for the establishment of transport-order.

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The Effects of Business Management Practices on Financial Performance: Evidence from Freight Forwarders in the Philippines

  • MATIAS, Rock Bryan B.;BUNGATO, Guillermo C. Jr.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.169-181
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    • 2021
  • The study aims to investigate the direct effects of business management practices in terms of financial, marketing, human resources, and logistics operations practices on sales revenue and profitability growth of freight forwarding businesses. A quantitative research design and partial least square-structural equation modeling were used to examine the direct effects of the exogenous and endogenous variables. The study reveals that financial, marketing, and human resources practices have a positive and significant effect on sales revenue growth. Furthermore, marketing and logistics operations have a positive and significant effect on profitability growth in the context of freight forwarding in the Philippines, particularly in its country's capital. As the current study only examines the direct effects of business management practices, other researchers may also want to consider identifying other variables as mediation and moderation to test other indirect effects on the financial performance of the business. The findings of the study can significantly benefit the freight industry to consider addressing other challenges or make use of the paper to further develop their strategies and practices to improve their financial performance.

Development strategy for domestic freight transportation business based on AWOT (AWOT 기반의 국내 화물자동차운송사업 발전전략)

  • Park, Doo-Jin;Kim, Jung-Yee
    • Journal of Korea Port Economic Association
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    • v.39 no.4
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    • pp.191-203
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    • 2023
  • This paper analyzed the overall status of the domestic freight transportation business, established SWOT analysis and strategy through existing literature research and designed an AHP model to derive priorities for each strategy. The SWOT analysis analyzed the management model of the consignment borrowers belonging to a transportation company that did not handle the supplies with the lowest satisfaction with the consignment system. The AHP model was designed by establishing a SWOT strategy through SWOT analysis. As a result of the analysis of the upper class, priorities were derived in the order of WO strategy, SO strategy, ST strategy, and WT strategy. As a result of comprehensive priorities for the development strategy of the domestic freight transportation business, WO strategy's "Improvement of cooperative relations between transportation companies and consignment owners through fair consignment contracts" was first, SO strategy's "Public promotion of the necessity of consignment systems based on high economic feasibility and reliability" was second, and ST strategy's "Proposal of policies to strengthen financial performance through the introduction of freight transport platforms" was fourth, followed by WT strategy's "Improvement of satisfaction with transport services through the introduction of freight transport platforms" and SO strategy's "Expansion of safe freight systems" in sixth, respectively.

A Study on the Analysis of Management Characteristics of Coastal Port Freight Transportation Business Using Panel Regression Analysis (패널회귀분석을 이용한 내항 화물운송사업체의 경영특성 분석에 관한 연구)

  • Kim, Suk;Park, Sung-Hoon;Yang, Tae-Hyeon;Yeo, Gi-Tae
    • Journal of Digital Convergence
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    • v.17 no.3
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    • pp.79-92
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    • 2019
  • This study analyzes the effects of freight transportation income, capital, asset, non-operating expenses, and debt ratio on the debts of inner port freight transportation businesses through the GLS of panel regression analysis and the estimation of fixed effects model. The factors and hypotheses were established through a theoretical background review, and the financial statement and profit and loss data of inner port freight transportation businesses for 10 years from 2006 to 2015 were analyzed. The results showed that assets had positive effects on debts, and negative effects on capital, non-operating expenses, and debt ratio, but no effect on freight transportation income. This result empirically demonstrates the tendency of inner port freight transportation businesses to secure assets by increasing debts, creation of debt reduction leverage effect using non-operating expenses such as interest expenses through bank borrowing, and the adoption of management characteristics and financial operation method to lower the debt ratio by reducing capital more than debts. In future studies, it is necessary to analyze coastal port freight transportation business by industry (oil tankers, cargo ships, and barge ships), and regions such as East, West and South sea.

The Effect of Road Transportation Infrastructure on Freight Transport Mobility and Regional Economy in Indonesia

  • TARIGAN, Harimin;MATONDANG, Abdul Rahim;LUBIS, Suwardi;SIROJUZILAM, Sirojuzilam
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.645-654
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    • 2021
  • This research aims to examine the influence of road transportation infrastructure on the mobility of goods transport and the regional economy in Langkat Regency in Indonesia. This type of research is an associative and explanatory research whose data is obtained through a questionnaire survey. This study took a sample of 305 respondents using probability sampling in Langkat Regency, North Sumatera, Indonesia. Data analysis techniques use path analysis. The research results showed that the road transportation infrastructure variables had a significant and positive effect on the mobility of goods transport. Road transportation infrastructure and freight mobility simultaneously have a significant and positive effect on the economy of Langkat Regency. Road transportation infrastructure with the dimensions of road accessibility and maintenance partially directly has a significant and positive effect on the economy of the Langkat Regency. Road transportation infrastructure with the dimensions of road design and road construction quality partially does not have a direct effect on the regional economy, but has a positive and significant effect through the mobility of freight transport. The mobility of goods transport becomes an intervening variable that acts to mediate or determine the relationship between road transportation infrastructure variables to the regional economy.

Study on the Freight Forwarding System of Advanced Shipping Country - A Case of United States of America System - (선진 해운국의 Freight Forwarding System에 관한 연구 - 미국제도를 중심으로 -)

  • Kim, Se-Won
    • Journal of Fisheries and Marine Sciences Education
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    • v.20 no.3
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    • pp.416-428
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    • 2008
  • In the end of 2007, Korea Government promulgated the Rule of 'Basic Act of Logistics Policy' for improving international logistics forwarding business. The goals of these rules are to achieve the development of our nation's economics for providing the security and efficiency of logistics system and enforced competition of logistics enterprises. This is established the basic principles of the legal basis for expanding into the Logistics Hub Center of North-east Asia. However In May 1999 new licensing requirements for ocean freight forwarders and NVOCCs operating in the USA were established by the US Federal Maritime Commission(FMC). Due to these regulations, each ocean transportation service provider in the USA acting as ocean freight forwarder, NVOCCs, or NVOCC agent must obtain a license to operate as Ocean Transportation Intermediary(OTI) before it begins operations. Only licensed OTIs may act as US transportation agents or receiving agents of other NVOCCs, on both US exports and imports. In this context, I think this study will be contributes for the development of korean freight forwarding system by analysis and comparing with between the Rule of the Basic Act of Logistics Policy of Korea and OTI freight forwarder & NVOCCs of USA.

A Study on the Management Model of Domestic Freight Company Using Structural Equations (구조 방정식을 활용한 국내 화물자동차 회사의 경영모델 연구)

  • Kim, Jung-Yee;Park, Doo-Jin
    • Journal of Korea Port Economic Association
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    • v.39 no.2
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    • pp.165-178
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    • 2023
  • This paper presented a management model for continuous development and co-prosperity between freight car transportation companies and consigned car owners, which are the subjects of the consignment system. A structural equation-based questionnaire was created to measure the variables necessary for establishing a management model, such as business owners' perceptions of each other and their needs for improvement, by analyzing the internal and external environment of the freight transport market and conducting surveys of freight companies and consigned vehicle owners. As a result of the analysis, it was confirmed that the rationality of the consignment system did not have a significant effect on financial performance or the level of transportation service, while the external environment and compensation system of the transportation business had a significant impact on financial performance and level of transportation service. In addition, the rationality of the consignment system does not affect the improvement of the relationship between project entities, but it does affect the level of trust. It was confirmed that the external environment and compensation system of the transport business have an effect on both relationship improvement and trust level improvement. It was found that the level of trust affects financial performance, and relationship improvement does not affect both financial performance and transportation service level. It is necessary to manage the consignment system based on the confirmed analysis results in order for the domestic freight company and the consigned vehicle owner to coexist and develop each other in the truck transportation market.

Implementation of a BPMS-based Virtual Enterprise in the Port Logistics Industry (BPMS 기반 항만물류 가상기업의 구현)

  • Han, Yong-Ho
    • Korean Management Science Review
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    • v.25 no.3
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    • pp.73-85
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    • 2008
  • First we provide an overview of how virtual enterprise works, including the lifecycle of a virtual enterprise, expected benefits from a virtual enterprise, and various types of collaborative networks. Next we focus on a problem encountered in the port logistics industry and suggest that implementation of a virtual enterprise can be a good solution to the problem. Then we suggest a prototype of the virtual enterprise in the port logistics industry and a freight transportation process as a business process in the prototype. And then we introduce major functions of the business process management system (BPMS) which, in general, can be regarded as a tool to create the virtual enterprise. Finally by adopting a specific BPMS, we illustrate how to design and implement the freight transportation process in the prototype.

A study on location planning of the on-street loading/unloading bays in the central business district (도심상업지역의 노상 하역공간 최적배치계획에 대한 연구)

  • Lee, Sang-Yong;Jung, Hun-Young
    • Journal of Korean Society of Transportation
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    • v.26 no.2
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    • pp.57-67
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    • 2008
  • Loading zone is necessary to central business district(CBD) due to freight trucks coming into inner city. Currently truck drivers in metropolitan area are forced to illegally park their freight trucks on the roads close to the business facilities because there is no or few loading zones available in the CBD. This situation would bring into traffic congestion and even might block local roads in the CBD. This study reviews the existing improvement plans in city logistics, and examines delivery characteristics related to freight trucks and drivers in Seomyeon, the central downtown of Busan. Also it conducts a location planning for on-street loading/unloading bay using a technical method for arranging loading space. This research estimated the number of parking and stop bays for truck's operation using queueing theory based on truck-service rate and arrival rate, and found locations with the minimum resistance function values for freight movement in arranging on-street loading/unloading bays.

An Empirical Study on Comparative Analysis of Freight Demand Estimation Methods - Unimodal O/D Based Method and P/C Based Method : Focus on Korean Import/Export Container Freight (수단O/D기반 및 P/C기반 화물수요추정방식의 실증적 비교: 우리나라 컨테이너 화물을 중심으로)

  • Kim, Hyunseung;Park, Dongjoo;Kim, Chansung;Choi, Chang Ho;Cho, Hanseon
    • Journal of Korean Society of Transportation
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    • v.31 no.2
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    • pp.45-59
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    • 2013
  • This study deals with the comparative analysis between two freight demand estimation methods : Unimodal O/D based method and P/C based method. The data of access/egress truck trips has been omitted from the Korean freight unimodal O/D of KTDB. This is because KTDB's unimodal O/D has not marked the series of unlinked trips down as the whole freight intermodal transport and surveyed only the main-haul trips of them. For these reasons, freight intermodal transport mechanism has not been analysed perfectly with Korean unimodal O/D data. This study tries to estimate P/C table of Korean Import/Export container freight and develop the MCC(Multimodal Channel Choice) model. Then, comparing unimodal O/D based method and P/C based method in terms of the switch commodities between production point(the initial point of freight transport) and consumption point(the terminal point of freight transport), unimodal commodities, and commodities on links is conducted. The results show that the P/C based method is able to simulate the freight intermodal transport.