TABLE OF CONTENTS


 Page

LIST OF TABLES............................................ iii


LIST OF FIGURES......................................... iii


ABSTRACT.... ............................................ iv


REVIEW OF LITERATURE ..................................... 2

 How rates change over distance....................... 5

 Responsiveness of rates to number of pickups and
 drops, carrier type and method of arrangement......... 9

 Influence of cargo value and shipping urgency
 on rates............................................. 10


EMPIRICAL MODEL .......................................... 17


DATA...................................................... 19


THE RESULTS............................... ........ ...... 20


SUMMARY AND CONCLUSIONS ................................. 27


FOOTNOTES...................................... ......... 29


APPENDIX 1...... ......................................... 31


APPENDIX 2............................................... 34


REFERENCES.............................................. 36