• Journal of Korean Society of Transportation
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• v.17 no.1
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• pp.41-52
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• 1999

Recently, much literature has surveyed the economic effects of transportation investment, focusing on the relationship between transportation infrastructure investment and economic development. Although the conventional views assume that transportation investment stimulates economic growth, the results of recent studies are not conclusive and in some cases reject the conventional views. The contradictory results are linked with double counting Problem and Keynesian/Neo-classical economics theory. This article investigates the economic effects of road transportation with regard to freight transport using Stated Preference technique. This study examines, in particular, the value of time saving for freight which has been rarely studied in this area. In the first part, the value of time saving, excluding the value for driver and operating cost, is theoretically investigated through the model of continuous review system and periodic review system. At last, the empirical study using the Seated Preference technique shows the value of time saving for freight and the value of reliability, compared with other studies and the value of those in COBA. The result makes us conclude that road investment produces the secondary effects as well as the direct benefit such as time saving for passengers, operating cost saving. and accident cost reduction. The secondary effect includes the contribution to economic development.

• Journal of Korea Port Economic Association
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• v.34 no.3
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• pp.93-112
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• 2018

The purpose of this study is to analyze the flow of e-commerce freight transported by maritime transportation for China and to identify the characteristics of cargo by region/item for finding the ways to promote e-commerce export to China. Thus, this study analyzed the e-commerce export and import data on cargo moved via maritime transportation between Korea and China from 2015 to 1Q18, using Origin-Destination(OD) analysis and visualization techniques. The results indicated that the largest number of Chinese e-commerce cargoes were imported at Incheon Port, which has a clearance facility for e-commerce cargo. In the case of Pyeongtaek Port, e-commerce cargo imported from China has transported to Incheon Customs again, causing the inefficiency through the customs clearance process. Unlike the case of e-commerce imports where the final destination is distributed nationwide, e-commerce products exported to China through maritime transportation were found to be mainly confined to Seoul and Gyeonggi provinces, where freight forwarding companies and forwarders are concentrated. In addition, unlike e-commerce import cargoes, e-commerce items exported through maritime transportation were mainly confined to clothing and cosmetics, and export volume was also less than imports. This study provides some possible strategies to increase the volume of freight and to attract export products as follows: i) to diversify products exported to China through e-commerce transshipment, ii) to diversify export items by building the cold chain in e-commerce transport with China.

• Korea Trade Review
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• v.43 no.6
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• pp.51-70
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• 2018

This study is to define the relationship between capital structure and the market share in the global shipping market, estimating the debt-equity ratio. To analyze the impact of the debt-equity ratio on market share, this study collected data from the 100 largest shipping companies from 2010 to 2017. Results identified that global shipping lines moderate their debt-equity rates to 62%, and all of them strategically utilize debt in order to increase market share in global shipping market. In comparison between the group focused on cargo volume and another group focused on freight rates, it is found that the group focused on cargo volume increase their handling cargo volume through increasing the debt rates. Another group used debt rate for reducing the freight rate and enhancing market power. Furthermore, after classifying the samples into high-growth and low-growth companies, this study compared the group focused on cargo volume and another group focused on freight rates. As a result, the low-growth group showed more significant impacts of the debt rate on market share than the high-growth group. The results of this study provide useful insight for future strategic decision making of shipping lines in the global shipping market.

• Journal of Navigation and Port Research
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• v.48 no.1
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• pp.62-77
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• 2024

In the maritime shipping industry, imbalance between supply and demand has persistently increased, leading to the utilization of blank sailings by major shipping companies worldwide as a key means of flexibly adjusting vessel capacity in response to shipping market conditions. Traditionally, blank sailings have been frequently implemented around the Chinese New Year period. However, due to unique circumstances such as the global pandemic starting in 2020 and trade tensions between the United States and China, shipping companies have recently conducted larger-scale blank sailings compared to the past. As blank sailings directly impact freight transport delays, they can have negative repercussions from perspectives of both businesses and consumers. Therefore, this study employed Poisson regression models and negative binomial regression models to analyze the influence of maritime freight rate determinants on shipping companies' decisions regarding blank sailings, aiming to proactively address potential consequences. Results of the analysis indicated that, in Poisson regression analysis for 2M, significant variables included global container shipping volume, container vessel capacity, container ship scrapping volume, container ship newbuilding index, and OECD inflation. In negative binomial regression analysis, ocean alliance showed significance with global container shipping volume and container ship order volume, the alliance with container ship capacity and interest rates, non-alliance with international oil prices, global supply chain pressure index, container ship capacity, OECD inflation, and total alliance with container ship capacity and interest rates.

• Journal of Navigation and Port Research
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• v.32 no.5
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• pp.387-394
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• 2008

The cost of domestic container transportation is higher than international sea transportation and it cannot meet the needs of customers either. However, domestic carriers try hardly nothing to improve the carriage system. Especially, the inland transportation connecting Busan port is not receiving a careful study in spite of the importance and urgency now. This paper reviews intention of forwarders, shipping companies, and transport companies conducting a questionnaire and analyse the preferences of transportation modes amongst existing highway, railway, coastal shipping and inland waterway. Its aim is to analyse which factors affect freight agents to choose particular mode.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.19 no.4
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• pp.67-80
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• 2020

High-speed weigh in motion (HS-WIM) is a real-time unmanned system for measuring the weight of a freight-carrying vehicle while it is in motion without controlling vehicle traffic flow or deceleration. In Korea, HS-WIM systems are installed on the national highways and general national ways for pre-selection by law enforcement. In this study, to improve the measurement accuracy of HS-WIM, we devise improvements to the existing integral and peak weight conversion algorithms, and we provide a new fusion algorithm that can be applied to the mat-type HS-WIM. As a result of analyzing vehicle driving tests at a real site, we confirmed the highest level of weight-measuring accuracy.

• Proceedings of the KSR Conference
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• 2009.05a
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• pp.1769-1778
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• 2009

Due to the industrialization and urbanization, the transport of hazardous materials increases, which rises possibilities in occurring prospective accidents in terms of hazardous material transport as well. This study applied the model developed from the previous research to analyze the scale of damage areas from the accidents related to hazardous material accidents, as well as suggested a method to measure automatically the scale of accident including casualties and environmental damage based on the guideline which suggests the quantities of hazardous materials exposed from an accident and was defined in the study of standardization for hazardous material classification. A buffering analysis technique of Geographic Information System (GIS) was applied for that. To apply the model which evaluates the scale of population and exposure to environment on each link, rail network, zones, rail accident data, rail freight trips, and locations of rivers etc were complied as a database for GIS analysis. In conclusion, a method to measure damage areas by the types of hazardous materials was introduced using a Clip and a Special Join technique for overlay analysis.

• Journal of the Korea Safety Management & Science
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• v.10 no.4
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• pp.181-187
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• 2008

The market of air cargo in Korea grows very quickly and diversifies. It is an essential factor in the process of development of Northeast-Asia as a hub for Air Cargo logistics. But the process of air cargo in Korea is complex as compared with other north-east asia nations and it has many problems and causes inconvenience to owners of freight. We emphasize that 4PL(Fourth party Logistics) is the excellent solution from among many alternatives. The wave of 4PL added to strategic consulting based on new IT techniques, for example RFID, with logistics outsourcing through existing 3PL service is a great issue. It is also worthy of notice that EPCglobal network strengthen the role of 4PL. In conclusion, the 4PL system based on EPCglobal network will result in a good success, so it will raise a prestige of air cargo in Korea to a higher position. This study deals with the new logistics system, air cargo logistics system based on u-4PL system, RFID and EPCglobal network, that will bring many advantages. At the end, we verify the u-4PL air cargo logistics system by simulation tool.

• Journal of Korean Society of Transportation
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• v.19 no.6
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• pp.49-63
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• 2001

The pattern of urban transport activity has two major components: the movement of people and the movement of goods. Roads in urban areas carry large number of trucks laden with goods that support urban economy and lifestyle. Therefore urban goods movement plays a vital role, but at the same time, urban goods movement are an important source of congestion, and a major contributor to the adverse environmental and social impacts of urban transport. In addition, the demand for goods movement is growing at a faster rate than personal travel in many cities, due to changes in industry logistics and consumer purchasing patterns. As a result, the significance of urban freight activity is increasing in terms of both its role in urban economy and its adverse impacts on urban amenity. This study is focused on the role and involvement scope of metropolitan government in urban logistics aimed at increasing its efficiency and reducing its negative impacts. The major suggestions of this study are (a) development of a measure of urban goods movement activity, (b) evaluation of data requirements and availability, (c) dialogue between the public sector and private sector, and (d) the role of metropolitan government.

• Journal of the Korean Society of Manufacturing Process Engineers
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• v.20 no.3
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• pp.60-67
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• 2021

Recently, research attention has been focused on vibration-free vehicles to transport small numbers of expensive electronic products. Vibration-free vehicles can be used to transport expensive test equipment or semiconductors, mainly produced in the domestic IT industry, and can serve as a readily available transportation system for short driving distances due to the increased efficiency on narrow national highways. This study was aimed at developing a Z-Spring to minimize the vibration by installing an air spring instead of the plate spring applied to conventional freight cars and to prevent the damage of the loaded cargo from the shock occurring during movement. The mechanical properties (elastic modulus, tensile strength, and shear strength) of carbon fiber (CF) and glass fiber (GF) prepreg were derived, and ANSYS ACP PrepPost analyses were performed. It was observed that in the case of hybrid composites, the total deformation and equivalent stress are higher than that of CFRP; however, in terms of the unit cost, the hybrid Z-Spring is more inexpensive and durable compared to the GF.