{"title":"Airline stock market performance and political relations: A cross-quantilogram analysis of Chinese and US carriers","authors":"Yifei Cai , Yahua Zhang , Yanrui Wu , Tsangyao Chang","doi":"10.1016/j.tranpol.2024.06.025","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.025","url":null,"abstract":"<div><p>This study focuses on examining the quantile dependence and directional predictability between airline stock returns and various political variables, including the US-China political relations, geopolitical risks, and partisan conflicts. To achieve these goals, a novel cross-quantilogram method is employed. The findings reveal that directional predictability is more pronounced when airline stock returns and the political environment experience extreme conditions. In addition, the US partisan conflicts index exhibits a more substantial influence on the dependence structure than the indexes of Sino-US political relations and geopolitical risks. Moreover, similarities are observed in the behavior of US airline stock returns given partisan conflicts and geopolitical risks. Finally, policy implications are provided.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0967070X24001884/pdfft?md5=1924ef2728a8aaa94302d5dd9ed85c96&pid=1-s2.0-S0967070X24001884-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141542417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-29DOI: 10.1016/j.tranpol.2024.06.020
Haoran Yang , Qinran Zhang , Jing Wen , Xu Sun , Linchuan Yang
{"title":"Multi-group exploration of the built environment and metro ridership: Comparison of commuters, seniors and students","authors":"Haoran Yang , Qinran Zhang , Jing Wen , Xu Sun , Linchuan Yang","doi":"10.1016/j.tranpol.2024.06.020","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.020","url":null,"abstract":"<div><p>Understanding the associations between demographic groups’ metro travel behaviors and the built environment is crucial for addressing automobile dependence and promoting transportation equity and reasonable urban construction. This study examines the nonlinear relationships and threshold effects of the built environment on the metro travel patterns of three groups (i.e., commuters, seniors, and students) by applying smart card data in Kunming, China. We select the optimal machine learning model—gradient boosting decision trees (GBDTs)—and consider various built environment attributes. Our findings indicate that: 1) built environment attributes universally have nonlinear and threshold effects on metro travel for all groups; 2) the collective contributions of density and diversity differ greatly across groups compared to other attributes; and 3) only a few built environment attributes have similar effect directions and degrees across all three groups, while most have unique effects on each group. The findings suggest metro station area planning strategies to promote metro use and transportation equity for different groups.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141582479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-28DOI: 10.1016/j.tranpol.2024.06.024
Seongbeom Park , Hyunju Lee , Dowon Kim
{"title":"Regulatory compliance and operational efficiency in maritime transport: Strategies and insights","authors":"Seongbeom Park , Hyunju Lee , Dowon Kim","doi":"10.1016/j.tranpol.2024.06.024","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.024","url":null,"abstract":"<div><p>In recent years, with increasing maritime trade, the shipping industry has faced the challenge of mitigating escalating greenhouse gas emissions. This study investigates the cost mitigation strategies of shipping companies in response to three key regulations: the Carbon Intensity Indicator, the EU Emissions Trading System, and the FuelEU Maritime regulation. By proposing optimal speeds for container ships on the Asia–Europe route and examining the potential for carbon leakage, the study aims to predict strategies of shipping companies and derive insights for achieving sustainable regulatory compliance. The results provide a comprehensive analysis of the regulations' impact on operational costs and emissions, with the robustness of the findings confirmed through extensive sensitivity analyses. The discussion highlights the unintended consequences of current regulations that may deviate from the ultimate objectives of reducing GHG emissions and achieving sustainable maritime transport. Ultimately, the study seeks to support the development of effective maritime regulations that align with the operational strategies of shipping companies, emphasizing the need for a holistic approach to achieve the intended outcomes of environmental policies.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141542395","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-26DOI: 10.1016/j.tranpol.2024.06.017
Zihe Zhang , Jun Liu , Javier Pena Bastidas , Steven Jones
{"title":"Charging infrastructure assessment for shared autonomous electric vehicles in 374 small and medium-sized urban areas: An agent-based simulation approach","authors":"Zihe Zhang , Jun Liu , Javier Pena Bastidas , Steven Jones","doi":"10.1016/j.tranpol.2024.06.017","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.017","url":null,"abstract":"<div><p>This research examines the use of Shared Autonomous Electric Vehicles (SAEVs) in 374 U.S. small and medium-sized urban areas, focusing on fleet and infrastructure needs through agent-based simulations. It assesses metrics such as fleet size, trips per vehicle, and charging station requirements, considering two charger types: Level 2 and Level 3. The findings show significant spatial differences in SAEV operations and infrastructure across these cities. Statistical analysis links these variations to regional road networks and travel patterns. The study finds Level 3 chargers more efficient, requiring fewer stations and enabling more trips per vehicle compared to Level 2 chargers. Furthermore, Level 3 chargers exhibit a greater number of trips per SAEV and a higher ratio of vehicles to charging stations. These findings highlight the significance of considering charging infrastructure characteristics to optimize SAEV fleet performance and promote sustainable transportation systems in urban areas. This study significantly contributes by identifying the spatial variation and correlates of the SAEVs' operational and charging infrastructural performance. Policymakers, urban planners, and transportation service providers can leverage these insights to design and implement effective charging infrastructure for SAEV fleets, thereby advancing the transition to cleaner and more efficient mobility solutions.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141540207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-25DOI: 10.1016/j.tranpol.2024.06.018
{"title":"Spatial analysis of geographical disparities in pedestrian safety","authors":"","doi":"10.1016/j.tranpol.2024.06.018","DOIUrl":"10.1016/j.tranpol.2024.06.018","url":null,"abstract":"<div><p>Investigating pedestrian safety disparities across sociodemographic groups is essential for enhancing traffic safety. This study examines the impact of sociodemographic and built environment characteristics on pedestrian crashes. It introduces a comprehensive macro spatial analysis framework that includes a global regression model, spatial autoregressive models, and a local spatial regression model. Three measures of pedestrian injury are analyzed. The findings reveal that a higher percentage of the high-income population significantly correlates with lower rates of pedestrian injuries across all three measures. Conversely, a higher percentage of the low-income population shows a significant positive correlation with the proportion of crashes involving the Black population, and with the proportion of severe pedestrian crashes involving the Black population. Pedestrian-oriented network density is negatively associated with fatal or severely injurious crashes involving the Black population. These results emphasize the need to account for spatial variations and equity when addressing pedestrian safety disparities.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141964254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Potential-based dynamic parking navigation for autonomous vehicles: Near-priority vs. distant-priority","authors":"Xiao-Shan Lu , Ren-Yong Guo , Hai-Jun Huang , Heng Ding","doi":"10.1016/j.tranpol.2024.06.021","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.021","url":null,"abstract":"<div><p>We aim to enhance the parking efficiency for a group of autonomous vehicles in a large parking lot during peak hours. Two parking principles, i.e. the near-priority (NP) and distant-priority (DP) principles, are proposed and quantitatively examined. The NP principle characterizes individual parking behavior, where autonomous vehicles tend to select available parking spaces that are closer in proximity. Conversely, the DP principle is proposed from the perspective of the entire parking system, prioritizing the allocation of more distant parking spaces within a certain range around each entrance. Two time indicators, including the overall parking time and the average parking time, are adopted to evaluate the performance of the two principles. A potential-based cellular automata (CA) model is proposed to formulate the dynamic parking process of vehicles in a two-dimensional space, where vehicle navigation is driven by a so-called potential field. Then, two dynamic navigation algorithms are developed for parking navigation under the NP and DP principles. Furthermore, by conducting a set of comparative simulation experiments, we have obtained some management insights into peak parking management in the era of autonomous driving.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141542396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-25DOI: 10.1016/j.tranpol.2024.06.019
Julien Baltazar , Ghada Bouillass , Flore Vallet , Jakob Puchinger , Nicolas Perry
{"title":"Integrating environmental issues into the design of mobility plans: Insights from French practices","authors":"Julien Baltazar , Ghada Bouillass , Flore Vallet , Jakob Puchinger , Nicolas Perry","doi":"10.1016/j.tranpol.2024.06.019","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.019","url":null,"abstract":"<div><p>Local authorities have a strategic role in mitigating the environmental impacts of the transport sector. However, they struggle to integrate environmental issues into their decision-making processes, especially planning. In the European context of the Sustainable Urban Mobility Plan approach and Strategic Environmental Assessments (SEAs), this paper scrutinises three French localities to determine the current best practices and limitations for designing mobility plans and integrating environmental issues. Several limitations are identified: (1) limited expertise in defining and characterising actions and objectives, which complexifies plans' design, understanding, and monitoring; (2) a lack of a framework to conduct long-term quantitative environmental assessments and to use the results to influence decision effectively; and (3) monitoring processes are barely described in the documents, and the planning horizon where objectives are defined is not in sync with the indicators’ mandatory evaluation period. This French case study thus reveals that European planning practices must be further analysed and improved to deal with the rising environmental concerns, e.g. through an operational framework to design mobility plans with effective integration of environmental issues.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141487623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-22DOI: 10.1016/j.tranpol.2024.06.008
{"title":"Disentangling policy and structural effects on car-ownership for car-owning and carless US households during and after the COVID-19 pandemic","authors":"","doi":"10.1016/j.tranpol.2024.06.008","DOIUrl":"10.1016/j.tranpol.2024.06.008","url":null,"abstract":"<div><p>This research analyzed car-ownership in the US during and after the COVID-19 pandemic, by utilizing a nationally representative household survey spanning from January 2020 to March 2022. Using a multilevel Hurdle model with month and state random effects, vehicle ownership trends are separately modeled for car-owning and carless households within the same modeling framework, while accounting for endogeneity and unobserved heterogeneity. An increase in the total amount of economic stimulus funding received increased the odds of vehicle ownership, while high car prices, high levels of housing expenditures, living in multi-family dwelling, and being from minority and low-skilled worker families negatively affected car-ownership. Greater household labor force participation, increases in household size and young persons in the household, living in states with high COVID caseloads and with moderately stringent Stay-at-Home social distancing mandates affected car-ownership propensities differently for car-owning and carless households. The significance of the research is that it disentangled pandemic-related and transportation policy variables from changes in household structure, living arrangements and employment-related characteristics. The analysis jointly considered how short-term pandemic-related influences as well as long-term demographic and occupational factors differently affect car-ownership for car-owning households and those without cars. Policy implications are drawn for consumer protection in the car ownership process, auto loan forbearance in future economic disruptions, strategies for public transportation which has continued to suffer from lower levels of use, and sustainability programs due to higher volumes of older used cars.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0967070X24001719/pdfft?md5=2c69197b3ac207b5be320171572ce386&pid=1-s2.0-S0967070X24001719-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142012041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Transport PolicyPub Date : 2024-06-21DOI: 10.1016/j.tranpol.2024.06.016
Lijun Tian , Shuang Cui , Haijun Huang , Yan Xu , Yacan Wang
{"title":"How the norm activation model explains the individuals’ response to Tradable Credit Schemes and reducing car use","authors":"Lijun Tian , Shuang Cui , Haijun Huang , Yan Xu , Yacan Wang","doi":"10.1016/j.tranpol.2024.06.016","DOIUrl":"https://doi.org/10.1016/j.tranpol.2024.06.016","url":null,"abstract":"<div><p>This study explores how individuals respond to the Tradable Credits Scheme (TCS), a cap-and-trade approach aiming to reduce congestion, by introducing the norm activation model (NAM). The research utilized questionnaire data from 544 Chinese participants. First, we analyzed the credit proportion thresholds for shifting travel mode and <u>the distribution of participants corresponding to five thresholds.</u> Second, we developed the latent and explicit variable model, revealing that NAM could explain acceptability of TCS, with personal norms being crucial; specifically, personal norms could positively predict perceived effectiveness, attitude towards TCS, and behavior intention. Finally, we performed a moderated-mediation analysis, for which the findings suggested TCS's potential in promoting sustainable travel, with driving licenses and the frequency of weekly trips as significant behavior moderators. People with driving licenses and having less travels per week would be more likely to intensify their behavior intention by enhancing their recognition on TCS. This work contributes to understanding TCS as an innovative congestion policy and its influence on sustainable travel behaviors.</p></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141582532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}