Effects of Innovation of Transport Technology on freight transport firms’ performance in Mombasa County, Kenya

Abstract

The study sought to evaluate the effects of innovation of transport technology (SGR) on freight transport firms’ performance in Mombasa County. The study established that performance in Mombasa County was affected by haulage capacity, speed and risk of the innovated transport technology. The analysis was done using Statistical Package for Social sciences (version 21). The findings 25.5% of the variation in freight firms’ performance was explained by changes in haulage capacity, speed and risk. Ceteris paribus haulage capacity affected performance by β=0.140 (α<0.05), speed β= -0.017 (α<0.05), and risk β= -0.347 (α<0.05). F- Significance p-0.039ᵇ implies a probability of 3.9% occurrence of false information. Haulage capacity positively affected performance with a small margin whereas speed and risk negatively affected performance. Therefore technology negatively affected performance. The management should formulate structures, operations, policies and strategies to align their business operations with the current dynamics in order to enhance their performance.