Section 6: Conclusions

This study estimates MFP in truck transportation, over 1987-2003; compares truck MFP to that of other transportation industries and the U.S. private business sector; and assesses the factors that affected changes in truck MFP over time.

With regard to estimation...

Table 1 - Growth of Output, Inputs, and Multifactor Productivity in Trucking

Percentage rates of change

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Estimation and Analysis of Multifactor Productivity in Truck Transportation: 1987-2003

The analysis has three objectives: 1) to estimate multifactor productivity (MFP) in truck transportation during 1987-2003; 2) to examine changes in multifactor productivity in U.S....

Section 2: Trucking Industry Background and Structure

Firms in the truck transportation industry provide a link between manufacturers and consumers. Businesses, and occasionally individuals, contract with trucking companies to pick up...

Appendix Table F - Growth of Trucking MFP, Estimated by the Two Methods

(without land)

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Appendix B - Methodology with the Tornqvist Index

Multifactor productivity is the ratio of the output index to a weighted average of input indexes. A Tornqvist formula expresses the change in multifactor productivity as the difference between the rate of change in output and the...

Appendix L - Shipments by Truckload and Less-Than-Truckload Firms

(Millions of dollars)

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Table 5 - Comparison of Annual Growth Rates of Truck MFP

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Table 9 - Intermediate Inputs to Output in Truck Transportation

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Table 7 - Increases in Capital and Labor in Truck Transportation

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