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Motor carrier strategies and performance
Institution:1. School of Emergency Management and Safety Engineering, China University of Mining and Technology (Beijing), Beijing 100083, China;2. School of Thermal Engineering, Shandong Jianzhu University, Jinan, China;3. School of Automotive and Transportation Engineering, Hefei University of Technology, Hefei, Anhui 230009, China;1. Sichuan Fire Research Institute, Ministry of Emergency Management, Chengdu, Sichuan, China;2. Department of Building Environment and Energy Engineering, Hong Kong Polytechnic University, Hong Kong, China;3. China Merchants Chongqing Communications Research & Design Institute Co., Ltd., Chongqing, China;1. School of Civil Engineering, Chongqing University, Chongqing, 400045, China;2. China Merchants Chongqing Communications Technology Research & Design Institute Co., LTD., Chongqing, 400067, China;1. School of Environmental Science and Engineering, Tianjin University, Tianjin 300072, PR China;2. School of Energy and Safety Engineering, Tianjin Chengjian University, Tianjin 300384, PR China;3. Key Laboratory of Efficient Utilization of Low and Medium Grade Energy (Tianjin University), Ministry of Education of China, Tianjin 300350, PR China;4. National Engineering Laboratory for Digital Construction and Evaluation Technology of Urban Rail Transit, Tianjin 300072, PR China;1. Kent Fire and Rescue Service, Technical Fire Safety, Service HQ, Maidstone, United Kingdom;2. Glasgow Caledonian University (Fire Risk Engineering), United Kingdom
Abstract:This paper examines post-deregulation strategies of less-than-truckload general freight carriers. Data on 38 strategic variables were gathered from annual reports filed with the Interstate Commerce Commission. Cluster analysis was used to categorize the one-hundred and forty firms into four strategic groups identified as follows: (1) differentiation approach coupled with a risky financial strategy; (2) a well-defined focus strategy concentrating on select types of traffic among select shipper groups; (3) a particularly sedentary strategy showing little activity across dimensions; and (4) an aggressive expansion strategy characterized by high growth rates. Major findings are: (1) a well-formulated and clearly defined strategy is an important determinant of financial performance and (2) despite the intense competition brought about by deregulation, an appropriate choice of strategy can provide financial performance comparable to “average” firms in the regulated environment.
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