{"title":"The impact of lease accounting standards on airlines with operating leases: Implications for benchmarking and financial analysis","authors":"P. Caster, C. Scheraga, Michael J. Olynick","doi":"10.22237/JOTM/1530403380","DOIUrl":"https://doi.org/10.22237/JOTM/1530403380","url":null,"abstract":"In 2016, the Financial Accounting Standards Board (FASB) has issued a new standard for lease accounting. The standard requires capitalization by lessees of most leases currently treated as rentals, i.e., those currently classified as operating leases under the existing standard for lease accounting. We examine the impact on airlines that currently make use of operating leases. Several key financial ratios are examined before capitalization and then after capitalization on a pro forma basis. The results indicate that working capital, leverage, and solvency change dramatically in a negative direction, and airline rankings based on those ratios also change, which has implications for benchmarking performance.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132561207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Volatile crude and railroad regulation","authors":"Brian D. Gurney, J. P. Hill","doi":"10.22237/JOTM/1530403320","DOIUrl":"https://doi.org/10.22237/JOTM/1530403320","url":null,"abstract":"Newly discovered domestic crude oil has caused large increases in rail traffic and an associated increase in derailments. In principle, derailments expose railroads to liabilities that can be very large, but railroads are protected as long as they comply with federal guidelines. Despite this, the railroads took it upon themselves to design a safer rail car. The railroads have also lobbied federal agencies to make the new standards part of regulation. This paper addresses two puzzles. First, why would the railroads expend resources on selfregulation when protected from tort? Second, why would the railroads push to have these stricter standards enshrined in federal regulation? We conclude that the answer lies in regulatory and legal uncertainty coupled with using regulators to overcome a collective action problem. INTRODUCTION Shale oil is far more volatile than other sources of hydrocarbons. In fact, some in the industry refer to oil rail tank cars as “rolling bombs” (Gurney, 2015). What’s more, given the way that railways were constructed and the way that many cities sprang up around rail lines, these bombs roll past a large percentage of America’s population every day. Train derailments and the resulting oil spills have made the news in recent years. This should not be surprising given the dramatic increase in American oil production from shale and the numerous political and regulatory obstacles to the construction of oil pipelines to transport this output. More oil transported by rail will naturally lead to an increase in oil spills from rail accidents. These accidents have resulted in court cases and calls for increased regulation of the industry. The issue this paper addresses is not the danger that crude by rail (CBR) poses to the American population. The issue addressed is, instead, the industry’s reaction to this danger and to the threat of regulation. Instead of fighting regulation the industry has been requesting increased regulation for years. Moreover, they have voluntarily imposed safety standards that are well in excess of what their regulators require. Lest this appear to be simply a case of optimal selfregulation, the story becomes even more interesting. While Congress has refused to pass liability caps on damages from rail accidents, they did pass legislation that protects railways against tort suits as long as railroads comply with existing federal safety standards. Thus, the issue: railways are protected from tort as long as they comply with existing standards, and yet the railroads lobby for increasingly stringent standards. What can explain this? The paper is structured as follows. First, we present a brief history of rail carriage and derailments. Next, we examine the regulatory and legal environment. Third, we discuss the efforts that the Association of American Railroads (AAR) have made in an attempt to improve the safety of CBR. Fourth, we assess the possible explanations for AAR behavior and determine that the association","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126677741","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An empirically derived framework of logistics management strategy","authors":"M. A. Mcginnis, A. Kara, Leslie I Wolfe","doi":"10.22237/JOTM/1467331440","DOIUrl":"https://doi.org/10.22237/JOTM/1467331440","url":null,"abstract":"The purpose of this paper is to present an empirically derived framework for Logistics Management and discuss how it integrates organization’s short-term objectives with the need to respond to the complex external environment. Organizational theory, strategic planning and logistics management literature were reviewed carefully in identifying the conceptual support for the derived framework of logistics management and organizational competitiveness. The proposed generalized framework demonstrates that Logistics Management Strategy has the strongest positive effect on Organizational Competitiveness when it is mediated by Logistics Coordination Effectiveness and Customer Service Commitment. Overall Logistics Strategy is a necessary, but not sufficient, condition for increased organizational competitiveness. If the Overall Logistics Strategy is accompanied by (a) effective logistics coordination and (b) customer service commitment then organization competitiveness is likely to be greater. This conceptual study contributes to the field by presenting a generalized framework to improve researcher and practitioner understanding of the role Logistics Management in Organizational Competitiveness. This study integrates previous research and thought domains to develop a generalized framework that guides our understanding of the role of Logistics Management and its consequences on Organizational Competitiveness.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121164802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Aarom J Hepler, Bradley E. Anderson, M. Cooper, Jeffrey A. Ogden
{"title":"Keys to successful balanced scorecard implementation and use based on published implementation attempts","authors":"Aarom J Hepler, Bradley E. Anderson, M. Cooper, Jeffrey A. Ogden","doi":"10.22237/JOTM/1467331320","DOIUrl":"https://doi.org/10.22237/JOTM/1467331320","url":null,"abstract":"In recent years many companies have evolved from being centrally located and managed to decentralized, multi-national companies consisting of many separate entities to be strategically managed. In response to this and other changes, such as the need for better measurement of performance, a strategic management tool was developed called the Balanced Scorecard (BSC). This research provides a tool to guide and evaluate BSC implementation. A meta-synthesis approach was used to examine qualitative BSC data available in the literature that suggested eleven keys to successful BSC implementation and use. These keys are then used to benchmark an implementation in a government logistics organization.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134473807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sean P. Goffnett, Zachary Williams, B. Gibson, Michael S. Garver
{"title":"Identifying critical skills for logistics professionals: Assessing skill importance, capability, and availability","authors":"Sean P. Goffnett, Zachary Williams, B. Gibson, Michael S. Garver","doi":"10.22237/JOTM/1467331500","DOIUrl":"https://doi.org/10.22237/JOTM/1467331500","url":null,"abstract":"The purpose of this research is to identify critical skills needed in the logistics profession now and in the future. This study uses survey research, means tests, and importance analysis to explore a multi-factor framework that identifies critical supply chain skills perceived by 176 experienced supply chain professionals from manufacturing, transportation, and retail/wholesale segments. Results indicate significant differences exist between current and future needed skills, among current capabilities and current availability of skills, and among skill needs utilizing a multi-factor index. Identifying needed skills based on importance is common. Considering more factors than just importance offers a more thorough assessment that reduces potential oversights and inefficiencies that can occur if decision makers focus on one factor when planning key processes, such as recruiting, hiring, and training, in a talent management program.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114728361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The automotive industry supply chain case competition: A university and industry partnership","authors":"T. Butler, J. C. Taylor","doi":"10.22237/JOTM/1467331380","DOIUrl":"https://doi.org/10.22237/JOTM/1467331380","url":null,"abstract":"The importance of business schools collaborating with industry, and especially local companies, is selfevident. One way that the Global Supply Chain Management Program in the Mike Ilitch School of Business at Wayne State University has collaborated with General Motors and several major suppliers, and potential employers of students, is through an automotive industry supply chain management (SCM) case competition. In 2016, the Global Supply Chain Management Program, along with General Motors, will host the 6 annual General Motors/Wayne State University Supply Chain Case Competition. Supply Chain Management students from universities around the world travel to Detroit, MI to participate in the competition and learn about the global automotive industry. In addition to the competition, students tour an automotive assembly plant and network with industry executives and young managers. General Motors and other sponsoring companies utilize the competition to recruit top talent for entry level supply chain management positions, and to help with the education of students. Wayne State and its students benefit from increased exposure to companies with benefits relating to research, faculty recruiting, placement of students, and general development of the Wayne State SCM brand name. This article discusses the nature of the competition and the competitors, issues involved in producing such an event, the costs, and other benefits and challenges related to hosting such a competition.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115010304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using visual data mining in highway traffic safety analysis and decision making","authors":"Yao-Te Tsai, Huw D. Smith, S. Swartz, F. Megahed","doi":"10.22237/JOTM/1435709040","DOIUrl":"https://doi.org/10.22237/JOTM/1435709040","url":null,"abstract":"An ongoing, two-fold challenge involves extracting useful information from the massive amounts of highway crash data and explaining complicated statistical models to inform the public about highway safety. Highway safety is critical to the trucking industry and highway funding policy. One method to analyze complex data is through the application of visual data mining tools. In this paper, we address the following three questions: a) what existing data visualization tools can assist with highway safety theory development and in policy-making?; b) can visual data mining uncover unknown relationships to inform the development of theory or practice? and c) can a data visualization toolkit be developed to assist the stakeholders in understanding the impact of publicpolicy on transportation safety? To address these questions, we developed a visual data mining toolkit that allows for understanding safety datasets and evaluating the effectiveness of safety policies. INTRODUCTION AND LITERATURE REVIEW Transportation accidents levy a significant cost on societies in terms of personal death or injury in addition to the economic costs. Road traffic injuries are the eighth leading cause of death, and the leading cause of death for individuals aged 15-29 (Lozano et al., 2012; World Health Organization, 2008). In 2010, transportation injuries have resulted in 1.24 million fatalities worldwide according to the World Health Organization (WHO), World Health Organization (2013, p. v). In addition to the lost lives, the costs associated with road traffic crashes runs to billions of dollars (Jacobs, Aeron-Thomas, & Astrop, 2000). These numbers are unacceptably high, especially since many of these fatalities can be avoided with evidencedriven road safety interventions. Road safety interventions can be effective in reducing the number of accidents and/or mitigating their effects. The WHO states that “adopting and enforcing legislation relating to important risk factors – speed, drunk–driving, motorcycle helmets, seat-belts and child restraints – has been shown to lead to reductions in road traffic injuries” (World Health Organization, 2013, p. v). These five risk factors are a sample of a larger pool of behavioral factors that lead to accidents. There are increasing regulations worldwide that have been passed to cover these behavioral factors. However, “in many countries these laws are either not comprehensive in scope or lacking altogether. Governments must do more to ensure that their national road safety laws meet best practice, and do more to enforce these laws” (World Health Organization, 2013, p. v) The problem is complex in the U.S., since highway safety policies can be different in neighboring states and the identification of best practice is often unclear (Governors Highway Safety Association, 2013). One approach to identifying best practices is to investigate the causes of vehicle crashes, assess","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123438677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Identifying the dimensions of logistics service quality in an online B2C context","authors":"D. Gligor","doi":"10.22237/JOTM/1435709100","DOIUrl":"https://doi.org/10.22237/JOTM/1435709100","url":null,"abstract":"There is theoretical and practical evidence indicating the existence of significant differences between the needs and wants of firms and end consumers, as well as the existence of significantly different needs between offline and online environments. Therefore, it is not clear how effectively measures of logistics service quality developed in an offline, B2B context can be applied to an online, B2C environment. This manuscript explores the elements of logistics service quality that end consumers value in an online context. The literature on logistics service quality in B2B and the literature on online consumer satisfaction are integrated. This results in the development of a set of dimensions for measuring online logistics service quality in online, B2C environments. Specifically, the dimensions of a new scale for measuring online logistics service quality (labeled oLSQ) were identified and defined. Managers can use the dimensions of logistics service quality identified in the oLSQ scale as a guide when designing and managing online retail stores.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128670055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Logistics concepts in freight transportation modeling","authors":"Subhro Mitra, Elvis Ndembe, Poyraz Kayabas","doi":"10.22237/JOTM/1435708980","DOIUrl":"https://doi.org/10.22237/JOTM/1435708980","url":null,"abstract":"The purpose of this paper is to review logistics concepts used in macro freight transportation modeling by various planning agencies at the national, state and city level. The chronological development of freight modeling endeavors are studied here and the logistics component incorporated in the modeling is identified. The key modeling tools are identified and analyzed to identify the efficacy of the model, ease of use, and data required to implement the model. The conclusion was that European freight models were more developed than North American freight models. The tools most widely used are the aggregate-disaggregate-aggregate model, input-output model, artificial neural network model, matrix estimation method and PCOD model. This paper will give transportation modelers a better idea of the freight modeling tools available.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117151644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Enhancing competitiveness and connectivity : the new US-Mexico Air Services Agreement","authors":"Drew Stapleton, V. Pande","doi":"10.22237/JOTM/1435708920","DOIUrl":"https://doi.org/10.22237/JOTM/1435708920","url":null,"abstract":"Beginning this year, U.S. cargo and passenger airlines will have an opportunity to compete for a bigger share of freight trade and traffic between the U.S. and Mexico. This opportunity will occur as a result of the new Air Services Agreement (ASA) between the U.S. and Mexico that took effect in January, 2016. This ASA further elevates and strengthens the dynamic commercial and economic relationship between the United States and Mexico by facilitating greater trade and tourism. It is a key element of the U.S.-Mexico High Level Economic Dialogue (HLED) that aims to promote competitiveness and connectivity, foster economic growth, productivity and innovation, and partner for regional and global leadership (U.S. Department of State 2014). This paper (i) explains the genesis and impact of HLED, (ii) provides a brief historical perspective on air services agreements in general and freedoms of the air, (iii) summarizes the major principles of the previous US-Mexico ASA of 1960, as amended in 2005, (iv) outlines the essential elements of the new US-Mexico ASA that is scheduled to take effect in January 2016, (v) describes the likely effects of the new ASA on regional and global air cargo traffic and supply chains, and lastly (vi) provides some directions for future scholarly research.","PeriodicalId":242296,"journal":{"name":"Journal of Transportation Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129313536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}