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

Percentage rates of change

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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...

Section 5: Factors Affecting Multifactor Productivity in Trucking

Technology is the recipe, the know-how, that is used by producers in different industries in order to produce a product or deliver a service. The technology utilized should...

Section 4: Comparisons of Multifactor Productivity

Data are available that make it possible to carry out comparisons between MFP in trucking and MFP of other transportation industries as well as of the U.S. private business sector. Such a comparison provides a broader perspective into the...

Section 3: Estimating Multifactor Productivity in Truck Transportation, 1987-2003

This analysis utilizes two versions of the growth-accounting methodology to calculate multifactor productivity (MFP) in the trucking industry in the United States. The initial methodology used...

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...

Section 1: Introduction

In this study, there is an estimation of multifactor productivity and an assessment of changes in multifactor productivity (MFP) in the U.S. truck transportation sub-sector during the 1987-2003 period. The analysis is composed of four sections besides the...

References

References

Apostolides, Anthony D. "Impacts of Productivity Changes in Air Transportation on Profits, Prices, and Labor Compensation: 1990-2001", Journal of Transportation and Statistics, Volume 9, Number 1, 2006.

Brooks, Mary, R. and Pamela Ritchie. "Trucking Mergers...

Figure 2 Production Possibilities Frontier

Source: The production possibilities frontier is a widely known and used tool in economic courses. For example, see Dolan G. Edwin, 1983.

Figure 1 MFP in Transportation Industries and U.S. Private Business Sector (1987=100)

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Source The data on which this chart is based were obtained from Table 6.