The Spring 2012 issue of JTRF contains the usual wide variety of contemporary transportation topics that is the distinguishing characteristic of JTRF. Topics in this issue include the following: 1.Airline stock performance 2.Electronic appraisal for right-of-way acquisition 3.Electrified vehicle cost comparisons 4.Private railcars in North America 5.Impact on air travel due to decreased wealth 6.Cross docking and freight distribution 7.Rural road closure methodology In "Baggage Fees and Airline Stock Performance: A Case of Initial Investor Misperception," Barone et al. use an event study methodology to examine the impact of baggage fee announcements on airline stock prices. The authors found evidence of large, negative abnormal returns on the date on which the airline announced an initial baggage fee on passengers' first checked bag.
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