Forward shipping options for grain by rail: A strategic risk analysis

Journal of Agricultural and Resource Economics

Volumn 23, Issue 2, 1998, Pages 526-544

  Wilson, William W ^a   Priewe, Steven R ^a   Dahl, Bruce ^a  

^a NORTH DAKOTA STATE UNIVERSITY   (United States)

Author keywords

Grain shipping; Grain transportation; Railcar allocation

Indexed keywords

EID: 0032265518     PISSN: 10685502     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (44)

1. Ainsworth, D. P. "Implications of Inconsistent Railroad Service." In Proceedings - Thirteenth Annual Meeting of the Transportation Research Forum 13,1(1972):489-503.
2. Allen, W. B., M. M. Mahmoud, and D. McNeil. "The Importance of Time in Transit and Reliability of Transit Time for Shippers, Receivers, and Carriers." Transportation Research, Part B: Methodological 19B,5(1985):447-56.
3. Anderson, S., and K. Vachal. "North Dakota Grain and Oilseed Transportation Statistics, 1994-95." UGPTI Pub. No. 106, Upper Great Plains Transportation Institution, North Dakota State University, Fargo, 1995.
4. Anderson, S., D. Young, and K. Vachal. "North Dakota Grain and Oilseed Transportation Statistics, 1993-94." UGPTI Pub. No. 101, Upper Great Plains Transportation Institution, North Dakota State University, Fargo, 1994.
5. Ballou, R. H. Business Logistics Management. Englewood Cliffs NJ: Prentice-Hall, 1992.
6. Baumel, C. P., and J. Van Der Kamp. "Major Changes in Grain Car Ownership Will Require Shippers to Consider Options." Feedstuffs 66,2(1996):12-13.
7. Bookbinder, J. H., and N. Serenda. "A DRP Approach to the Management of Rail Car Inventories." Logistics and Transportation Rev. 23,3(1987):265-80.
8. Burlington Northern Railroad Co. "State Statistics for North Dakota." Fort Worth TX, 1993.
9. Busch, D., and K. Vachal. "North Dakota Grain and Oilseed Transportation Statistics, 1991-92." UGPTI Pub. No. 94, Upper Great Plains Transportation Institution, North Dakota State University, Fargo, 1992.
10. _. "North Dakota Grain and Oilseed Transportation Statistics, 1992-93." UGPTI Pub. No. 97, Upper Great Plains Transportation Institution, North Dakota State University, Fargo, 1993.
11. Cox, J. C., and M. Rubenstein. Options Markets. Englewood Cliffs NJ: Prentice-Hall, 1985.
12. Crampton, P. "Money Out of Thin Air: The Nationwide Narrowband PCS Auction." J. Econ and Manage. Strategy 4(Summer 1995):267-343.
13. Flaskerud, G. "Minneapolis and Pacific Northwest Basis Data Collection for Wednesday Prices, 1990-94." Unpub. data, North Dakota State University, Fargo, 1995.
14. Frost, G. "North Dakota Farmers Fret Over Freight." Western Producer 73(February 1996):64.
15. Gelston, W., and S. Greene. "Assessing the Potential for Improved Functioning of the Grain Merchandising/Transportation System." USDOT Pub. No. GRA-RRP-92-01. Final report prepared by Apogee Research, Inc., submitted to the U.S. Department of Transportation, Federal Railroad Administration, Washington DC, March 1994. (82 pp.)
16. Harvest States Cooperatives. "Rail Equipment Supply Program Facsimile." Rail Equipment Supply Program Offers, St. Paul MN, 8 February 1996.
17. McAfee R. P., and J. McMillan. "Analyzing the Airwaves Auction." J. Econ. Perspectives 10,1(Winter 1996a):159-75.
18. _. "Auctions and Bidding." J. Econ. Lit. 25(June 1987):699-738.
19. _. "Competition and Game Theory." J. Mktg. Res. 33(August 1996b):263-67.
20. Milgrom, P. "Auctions and Bidding: A Primer." J. Econ. Perspectives 3,3(Summer 1989):3-22.
21. Moser, V. "Railcar Supply Shortage: Why We Have It, What to Do About It." Grain J. (May/June 1995):41.
22. National Grain and Feed Association. "NGFA Files Statement with STB on Rail Services." NGFA Newsletter 49,26(18 December 1996):3.
23. Niedens, L. "The Rail Car Shortage Saga." Agweek 11,24(1996):21.
24. North Dakota Agricultural Statistics Service. North Dakota Agricultural Statistics. Ag Statistics Nos. 60-64, North Dakota State University, Fargo. Annual issues, 1991-95.
25. Norton, J. D. "Assessing the Impact of Railcar Availability on Grain Prices." USDA, Transportation and Marketing Div., Washington DC, 1995.
26. Palisade Corp. @RISK: Risk Analysis for Spreadsheets. Newfield NJ: Palisade Corp., 1994.
27. Pautsch, G., H. Lapan, and C. P. Baumel. "Economic Investigation into Railroad Pricing and Car Allocation Programs." Report prepared for the Midwest Transportation Center, Iowa State University, Ames, 1995.
28. Pautsch, G., M. McVey, and C. P. Baumel. "Railroad Grain for Pricing and Supply Models." J. Transportation Res. Forum 32,1(1991):1-8.
29. Pedraza, J. M. "Waiting for the Train: Elevators Dub Delays Their No. 1 Frustration." Agweek 11,22(1996):18.
30. Priewe, S. R., and W. W. Wilson. "Grain-Hopper Allocation Mechanisms: Evolution and Comparisons." Dept. of Agr. Econ., North Dakota State University, Fargo, 1997.
31. Sheffi, Y., B. Eskandari, and H. Koutsopoulus. "Transportation Mode Choice Based on Total Logistics Cost." J. Bus. Logistics 9,2(1988):137-54.
32. Stearns, L. "Grain Marketing Cooperatives' Adjustments to Farm Programs." Unpub. paper, Dept. of Agr. Econ., North Dakota State University, Fargo, 1994.
33. Strege, S. Executive Vice President, North Dakota Grain Dealers Association, Fargo ND. Telephone interview, 18 June 1996.
34. Surface Transportation Board. Joint Petition for Service Order. Docket No. 501518, Supp. Order No. 1, Washington DC, 4 December 1997.
35. U.S. Department of Agriculture. "Listening Session on Rail Shipping Problems, 1997." USDA/Agricultural Marketing Service, Washington DC, 1997.
36. Vachal, K. "North Dakota Elevator Industry Survey Results - Marketing and Rail Carriers' Customer Service: Summary of Results for Elevator Managers." Upper Great Plains Transportation Institution, North Dakota State University, Fargo, 1995.
37. Wilson, R. "Priority Pricing." In Nonlinear Pricing, chap. 10. New York: Oxford University Press, 1993.
38. _. "Strategic Analysis of Auctions." In Handbook of Game Theory with Economic Applications, Vol. 1, eds., R. Aumann and S. Hart, pp. 228-79. Amsterdam: North-Holland, 1992.
39. Wilson, W. W. Personally maintained BN COTs data set, 1993-95. Unpub. data, Dept. of Agr. Econ., North Dakota State University, Fargo, 1996.
40. _. "Posted Prices and Auctions in Rail Grain Transportation." Pub. No. AE 89020, Dept. of Agr. Econ., North Dakota State University, Fargo, 1989.
41. _. "U.S. Grain Hopper Car Allocation Mechanisms." Unpub. data, Dept. of Agr. Econ., North Dakota State University, Fargo, 1995.
42. Wilson, W. W., and B. Dahl. "Bidding on Railcars: A Strategic Analysis." Rep. No. 376, Dept. of Agr. Econ., North Dakota State University, Fargo, 1997.
43. Wilson, W. W., and S. Priewe. "Railcar Allocation Mechanisms for Grain: A Comparison Among U.S. Class I Railroads." Dept. of Agr. Econ., North Dakota State University, Fargo, 1997.
44. Wood, D. Account Manager, CP Rail Systems, Minot ND. Telephone interview, 25 June 1996.