Shareholder value creation on deregulated transportation sector: Focus on North American railway freight

Hilmola, Olli‐Pekka; Laisi, Milla

doi:10.1016/j.eswa.2014.07.048

Cited by 6 publications

(3 citation statements)

References 51 publications

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“…Meantime, Eurasian land bridge realisation is not impossible, even if it might sound so now. The North American land bridge is, for example much more popular than transporting containers through the Panama channel (Hilletofth et al, 2007;Wang and Meng, 2011), and railway companies in the USA and Canada are showing high profits and revenue growth (Hilmola and Laisi, 2015).…”

Section: Factors For Growth Of the Company Performance Based On Sustainabilitymentioning

confidence: 99%

Russian railways on the Eurasian market: issue of sustainability

Panova

Korovyakovsky

Semerkin

et al. 2017

EBR

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Purpose This research examines factors that determine the improvement of the Russian supply chain sustainability. The strategic business model incorporates ecological, social and economic aspects. Design/methodology/approach Considering Trans-Siberian Railway as a typical case, the study selected several cases or the parts of the primary rail connection with the affiliation of important neighbouring countries. The study uses quantitative analyses of a variety of size parameters (e.g. volumes of traffic, logistics costs, delivery distance and air pollutants). Findings The empirical findings stress that supply chains should favour in the future railway (or intermodal) connections for piggyback and containerised cargo. Herein lays the reason for the examination of all traditional factors affecting the modal choice and their complementation by the parameters to measure sustainability throughout the supply chains. The inclusion of the green practices positively affected the environmental, social and economic performance of the new approach. Research limitations/implications This research focuses on the delivery of cargo in containers and semi-trailers within wagons through the overland corridors. Despite the restrictive empirical findings within the national transport system, some elements can be representative of the international supply chains, provided that intermodal services are the most appropriate for the transportation over long distances. Practical implications Clients, media and regulatory bodies stress the consideration of environmental aspects at all stages of a global supply chain. Therefore, their adoption into strategic imperatives of local supply chains becomes inevitable. Originality/value An assessment of supply chains for longer distance transportation in Russia has not taken sustainability into account within cost analyses.

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Section: Factors For Growth Of the Company Performance Based On Sustainabilitymentioning

confidence: 99%

Russian railways on the Eurasian market: issue of sustainability

Panova

Korovyakovsky

Semerkin

et al. 2017

EBR

Self Cite

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“…The 1990's in Brazil were marked by privatization and concessions of public service (FARIAS and RIBEIRO, 2002;PAULA and AVELLAR, 2008;HILMOLA and LAISI, 2015). Since then, companies, especially in sectors with structured and active regulatory agencies, have been working hard and developing competencies to respond to the growth and sophistication of the institutional and regulatory apparatus.…”

Section: Introductionmentioning

confidence: 99%

Estratégias políticas empresariais: o caso do setor ferroviário brasileiro de cargas

Silva

Macedo-Soares

Bastos³

2020

Cad. EBAPE.BR

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Resumo O propósito desta pesquisa foi, por meio de estudo de casos múltiplos, identificar as estratégias políticas empresariais empregadas por 4 concessionárias ferroviárias de cargas brasileiras em 2 casos de mudança regulatória e em 1 caso de pedido de prorrogação de contratos de concessão. O tema vem ganhando notoriedade em função dos escândalos de corrupção na relação entre atores políticos e econômicos, públicos e privados, no Brasil. Foram conduzidas 33 entrevistas, tanto com gestores das concessionárias quanto com representantes de associações de defesa de interesses, do órgão regulador, do poder legislativo e de especialistas no setor. As evidências apontam que os comportamentos estratégicos analisados não se enquadram em uma única tipologia de estratégia genérica encontrada na literatura. No entanto, de modo geral, há uma tendência à postura reativa nos casos de mudança regulatória, em contraste com uma postura proativa quanto à alteração dos prazos dos contratos de concessão.

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“…However, passenger transport has historically not been that profitable (only in some parts of Japan and China), and has typically required public support [16]. In turn, freight transport has been analyzed as producing profits and shareholder value if it predominates to the extreme (lots of freight and not that much passenger transport), as in Canada and the USA [17]. Passenger transport, however, holds significant potential, as there is a lot of work to be done to integrate local urban transport in cities with long-distance transport [18], and this integration is especially fruitful in emerging economies (many of the OBOR program countries are in this category).…”

Section: Introductionmentioning

confidence: 99%

Belt and Road Initiative and Railway Sector Efficiency—Application of Networked Benchmarking Analysis

Hilmola

2019

Sustainability

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In recent years, there has been a lot of attention paid to China’s Belt and Road Initiative (BRI), which aims to invest in better connecting China, South-East Asia, Central Asia, the Middle East and Europe. As countries that share the same continent, and are in many cases without proper sea connection (landlocked), the key mode of long-distance transportation is railways. However, numerous countries have different levels of past investments, labor productivity, transportation profile, and culture surrounding railways, and all of this leads to differences in overall efficiency. In this research, we apply well established and widely used data envelopment analysis (DEA) to evaluate the longitudinal efficiency of railway operations. This is the first time such an analysis is completed on the Belt and Road member countries. Efficiency itself hardly improved at all during the examination period, whether in passenger and freight or just freight transports. China itself represents an important benchmark for many countries, as its efficiency is all the time highest possible. In the network benchmarking analysis, it was shown that China, Estonia, Latvia, and Israel are often proposed benchmarks for the others to increase their efficiency in the future. From efficiency development perspective, Chinese railway sector is beneficial and more balanced to be benchmarked as compared to other significantly sized railway countries, like India or Russia.

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Shareholder value creation on deregulated transportation sector: Focus on North American railway freight

Cited by 6 publications

References 51 publications

Russian railways on the Eurasian market: issue of sustainability

Russian railways on the Eurasian market: issue of sustainability

Estratégias políticas empresariais: o caso do setor ferroviário brasileiro de cargas

Belt and Road Initiative and Railway Sector Efficiency—Application of Networked Benchmarking Analysis

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