{"title":"Navigating liquidity in turbulent waters: The impact of global supply chain pressures on maritime working capital management strategies","authors":"Kulaya Jantadej , Suntichai Kotcharin","doi":"10.1016/j.retrec.2025.101581","DOIUrl":"10.1016/j.retrec.2025.101581","url":null,"abstract":"<div><div>This study investigates the relationship between working capital management (WCM) and firm profitability using the Generalized Method of Moments (GMM) applied to a dynamic panel dataset of 189 internationally listed maritime transport firms spanning the period from 2000 to 2022. In addition, the analysis explores the moderating role of global supply chain pressures (GSCP), alongside firm-specific and macroeconomic variables, in shaping the WCM–profitability nexus. The findings show that shipping firms tend to adopt aggressive WCM strategies, particularly in response to firm-level characteristics and global economic conditions. Importantly, the results differ from previous research by showing a U-shaped link between working capital investment and firm performance, suggesting an optimal WCM level that boosts profitability. While WCM negatively affected return on assets (ROA) during the global financial crisis and a China-US trade war, it had a positive impact during and following the COVID-19 pandemic, highlighting the strategic importance of internal liquidity management in times of crisis. Furthermore, firms significantly increased their working capital allocation amid elevated supply chain pressures, with the relationship between the cash conversion cycle (CCC), GSCP, and profitability also exhibiting an inverted U-shaped pattern. These findings underscore the need for government agencies and policymakers to strengthen corporate liquidity frameworks, promote efficient WCM practices, and enhance firms’ responsiveness to monetary policy amidst intensifying global supply chain disruptions.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"112 ","pages":"Article 101581"},"PeriodicalIF":4.6,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144204705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 4 Report: The use of technological innovation for achieving sustainable public transport outcomes","authors":"Barbara T.H. Yen , Noleen Pisa","doi":"10.1016/j.retrec.2025.101575","DOIUrl":"10.1016/j.retrec.2025.101575","url":null,"abstract":"<div><div>The integration of technology in urban mobility is crucial for achieving sustainability and improving quality of life in cities. Smart mobility solutions, including autonomous vehicles and ICT applications, can optimize transport systems and reduce emissions. Technology encompasses a wide range of tools that enhance or enable mobility services. Sustainability, a central theme of the conference – is concerned with the extent to which technological innovation support sustainable mobility outcomes. Workshop 4 comprised six papers focusing on the influence of technology on improving mobility and sustainability. Of interest to policy and practice, one aspect that emerged from the workshop was how to incorporate technology innovation into contracts designed to achieve sustainable transport outcomes. Over and above the detail provided by the evidence in the papers, the workshop discussion identified the need for co-design and co-production of technology-led solutions to achieve sustainable transport outcomes. The workshop identified areas for further research including identifying the need to provide infrastructure to facilitate innovation, the importance of data in driving innovation, defining the role of stakeholders, and the need for measuring the social benefits of technology improvement.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"112 ","pages":"Article 101575"},"PeriodicalIF":4.6,"publicationDate":"2025-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144204706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 5 Report. Governing emerging mobility services including rethinking Mobility as a Service (MaaS)","authors":"Corinne Mulley , Kathy Bell","doi":"10.1016/j.retrec.2025.101576","DOIUrl":"10.1016/j.retrec.2025.101576","url":null,"abstract":"<div><div>Workshop 5 of Thredbo 18 builds on ideas and research suggestions from Workshops 5 and 6 of Thredbo 17 that looked at new service models governing emerging mobility services and micromobility movement in urban transport, respectively. The evidence from papers in this Workshop were grouped into two broad topic areas: the first considered including public transport in developing countries and its competition from other modes; the role of governance in different contexts and geographies; and shared transport for a single mode, and the second relating to developments in Mobility as a Service (MaaS), particularly involving multiservice providers, and its potential in rural and regional areas and for older and disabled persons. The discussions benefitted from embedding in the Strategic – Tactical – Operational (STO) framework. This identified a mismatch between issues that were in the tactical and operational categories and a further mismatch between tactical and strategic where the tactical level is critical in translating strategic objectives into operational activities. In this context it became clear from a number of papers that there was a lack of clarity in governance frameworks (tactical level) leading to an unsurprising lack of clarity in operational activities. Policy recommendations included the promotion of global learning, the growing role for government to work with industry and the expansion of the training portfolios. Future research needs to expand existing governance research, provide more evidence-based evaluations and recognise the larger number of stakeholders involved in providing mobility and accessibility to benefit users.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"111 ","pages":"Article 101576"},"PeriodicalIF":4.6,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 7b report: Sustainable transport systems designed to meet the needs of both users and residents","authors":"Lisa Hansson , Chinh Ho","doi":"10.1016/j.retrec.2025.101579","DOIUrl":"10.1016/j.retrec.2025.101579","url":null,"abstract":"<div><div>The provision of public transport should address not only users' but also non-users’ needs which span beyond traditional accessibility to cover affordability, reliability, sustainability, safety, health, and ultimately equity. Budget constraints often means that trade-offs among these aspects of a transport system are inevitable. While trade-offs are often made based on traditional cost benefit analysis, economists and researchers increasingly account for social and environmental impacts of public transport provision. Workshop 7b of the 18th International Conference on Competition and Ownership in Land Passenger Transport set out to address the factors that contribute to decision-making processes and the challenges of implementing new approaches. It included ten papers which report evidence about transport poverty, accessibility index, value of travel time saving for children, personal safety on public transport, social inclusion, community building, and service time extension for special events. The workshop discussed what factors should be considered in transport service designs to make transport systems more equitable and inclusive for users and non-users and what implications does transport service design and accessibility have for community building. Drawing on these discussions, the workshop developed a set of research and policy recommendations designed to cater diverse users and needs.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"111 ","pages":"Article 101579"},"PeriodicalIF":4.6,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 6 report: Micromobility movement in urban transport","authors":"Maria Attard , John D. Nelson","doi":"10.1016/j.retrec.2025.101577","DOIUrl":"10.1016/j.retrec.2025.101577","url":null,"abstract":"<div><div>The theme of micromobility was introduced for the first time in Workshop 6 of Thredbo 17 and was also discussed in Thredbo 18, in Cape Town<em>.</em> The growth of micromobility is evidenced in both Global North and Global South cities. Workshop 6 of the Thredbo 18 conference identified the need to better understand micromobility in different geographic contexts, identify the challenges and opportunities experienced by cities around the world and seek to understand the potential of multimodal integration. The workshop sought to identify the factors that shape successful micromobility adoption, with examples from Europe (Norway, Malta, Ireland), Asia (Taiwan), Africa (South Africa, Mozambique) and Australia. This diversity provided for a broad discussion on micromobility in a variety of contexts but also highlighted the rather significant differences experienced in different parts of the world. This report aims to provide an overview of the nine presentations delivered at the Cape Town conference and the discussions which ensued between the workshop participants. Policy and research recommendations conclude this report, as well as a view towards the Thredbo 19 conference.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"111 ","pages":"Article 101577"},"PeriodicalIF":4.6,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 3 report: Infrastructure, services and urban development","authors":"Wijnand Veeneman , Roger Vickerman","doi":"10.1016/j.retrec.2025.101574","DOIUrl":"10.1016/j.retrec.2025.101574","url":null,"abstract":"<div><div>Workshop 3 looked at the way transport services interact with infrastructure and the spatial environment and the implications of this for both the governance and planning of transport. A wide range of papers covered issues such as the measurement of outcomes on efficiency, effectiveness and sustainability, the value of public transport, activity and mode choice, the planning and governance of public transport, and the effect of external shocks on mobility and planning. These drew on examples from Asia, Europe, Africa, Australia and South America and from countries at different stages of development with a discussion of both theoretical and empirical approaches as well as applications of policy. This report draws a wide range of conclusions from the examples considered with suggestions for both research and policy.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"111 ","pages":"Article 101574"},"PeriodicalIF":4.6,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Workshop 2 report: Developing the informal sector for better outcomes","authors":"Brendan Finn , Roger Behrens","doi":"10.1016/j.retrec.2025.101573","DOIUrl":"10.1016/j.retrec.2025.101573","url":null,"abstract":"<div><div>Informal transport services are widespread throughout the Global South, taking many different forms, with many different names. They are often the primary form of passenger transport, but their operations can be unsafe and uncomfortable. An important policy challenge is, therefore, how their service quality might be improved. The objective of this workshop was to examine global experiences in the upgrading and professionalisation of these services, and to identify lessons and potential improvement pathways. The main messages that emerged from workshop presentations and deliberations were that: (1) the vast scale of, and dependence upon, the sector needs to be appreciated and embraced; and (2) programmes of action need to be formulated to support and improve the services that are offered. Recommendations for policy included: (1) that informal transport should be explicitly recognised as an enduring mainstream travel mode; (2) that government capacity to engage the sector is developed; (3) that authorities work collaboratively with industry structures; (4) that authorities invest in supporting the sector; and (5) that market entry regulations are enforced. Recommendations for research were directed at contexts where the focus is on: (1) understanding the sector; (2) exploring possible interventions for improvement; and (3) scaling up interventions.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"111 ","pages":"Article 101573"},"PeriodicalIF":4.6,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gender differences in perceived metro station service quality in post-COVID19 pandemic era","authors":"Gabriella Mazzulla , Armando Cartenì , Laura Eboli , Antonella Falanga , Ilaria Henke","doi":"10.1016/j.retrec.2025.101593","DOIUrl":"10.1016/j.retrec.2025.101593","url":null,"abstract":"","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"112 ","pages":"Article 101593"},"PeriodicalIF":4.6,"publicationDate":"2025-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144184590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nadia Giuffrida, Margherita Mascia, Carla Lamanna, Mario Binetti, Michele Ottomanelli
{"title":"Mobility as a Service: an opportunity to address women's mobility needs towards gender equity","authors":"Nadia Giuffrida, Margherita Mascia, Carla Lamanna, Mario Binetti, Michele Ottomanelli","doi":"10.1016/j.retrec.2025.101585","DOIUrl":"10.1016/j.retrec.2025.101585","url":null,"abstract":"<div><div>Women's mobility choices are often influenced by concerns related to security and accessibility, which can limit their ability to fully participate in social and economic activities. While these challenges are particularly pronounced in developing countries, similar issues are observed in Europe, where women frequently report negative experiences as users of transport systems. This study investigates whether Mobility as a Service (MaaS) can address these gender-specific concerns by providing safer, more flexible and inclusive transport options. A survey was conducted with Italian respondents to identify women's mobility needs, with a particular focus on security. Basic statistical analysis of the survey results reveals that both women and men acknowledge the security challenges women face while travelling and rate security features to be included in a MaaS application for improving their experiences. Based on the survey results, the study proposes a set of key features for a \"MaaS4Women\" application that could help reduce perceived risks and enhance security. The findings suggest that customizing MaaS features and bundles to meet women's specific needs could be an important step towards improving gender equity in transport.</div></div>","PeriodicalId":47810,"journal":{"name":"Research in Transportation Economics","volume":"112 ","pages":"Article 101585"},"PeriodicalIF":4.6,"publicationDate":"2025-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144184589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}