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Effects of the Fuel Price Increase on the Operating Cost of Freight Transport Vehicles

Gohari, A. and Matori, N. and Wan Yusof, K. and Toloue, I. and Cho Myint, K. (2018) Effects of the Fuel Price Increase on the Operating Cost of Freight Transport Vehicles. E3S Web of Conferences, 34 .

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Abstract

One of the most important criteria in freight modal choices is the transport operating cost in which fuel price changes has a significant effect on it. This paper presents the impact of fuel price increases on the operating cost of the different transport modes for the containerized freight transportation. In this study, an operating cost equation was applied to compare the operating cost of different freight transport vehicles as well as evaluation of the operating cost changes across a range of fuel prices between the current price and one-hundred percent increase. The equation consists of influential parameters such as fuel cost, driver wage and maintenance cost of a vehicle. It has been concluded that the effect of the fuel price increase on the operating cost of different freight transportation modes is not in the same rate. According to equation and effective parameters considered, comparing the results showed that truck has the highest cost, train has the largest increase in price. Finally, the ship is the most influenced vehicle in terms of operating cost percentage increase when the rate of fuel price increase, followed by train and truck. © The Authors, published by EDP Sciences, 2018.

Item Type:Article
Impact Factor:cited By 0; Conference of 1st International Conference on Civil and Environmental Engineering, CENVIRON 2017 ; Conference Date: 28 November 2017 Through 29 November 2017; Conference Code:135385
Uncontrolled Keywords:Costs; Environmental engineering; Fuels; Operating costs; Petroleum reservoir evaluation; Trucks, Effective parameters; Freight modal choice; Freight transport; Fuel cost; Fuel prices; Maintenance cost; Transport modes, Freight transportation
Departments / MOR / COE:Research Institutes > Energy
ID Code:21684
Deposited By: Ahmad Suhairi
Deposited On:04 Sep 2018 02:26
Last Modified:10 Jan 2019 03:30

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