Research Output
Valuing long haul and metropolitan freight travel time and reliability.
  Most evaluations and economic assessments of
transport proposals and policies in Australia omit
a valuation of the time spent in transit for individual
items or loads of freight. Knowing about
delays, and indeed the practical value of reliability,
is useful to shippers and receivers, but this information
does not necessarily appear directly in vehicle
operating costs and person travel times. As a
result, benefits generated by improvements from
road investment and traffic management may be
understated, and expenditure decisions may be
biased towards passenger movements. The present
paper applies contextual stated preference (CSP)
methods and the associated multinomial logit models
to estimate the value of such factors from an
Australian survey of freight shippers using road
freight transport in 1998. The estimated value of
$1.40 per hour per pallet for metropolitan multidrop
freight services, potentially a substantial value
not currently tracked consistently or utilized in
transport evaluation procedures in Australia, illustrates
the significance of these results.

  • Type:

    Article

  • Date:

    30 November 2000

  • Publication Status:

    Published

  • Publisher

    U.S. Department of Transportation * Bureau of Transportation Statistics

  • ISSN:

    1094-8848

  • Library of Congress:

    HE Transportation and Communications

  • Dewey Decimal Classification:

    388 Transportation; ground transportation

Citation

Wigan, M., Rockcliffe, N., Thoresen, T. & Tsolakis, D. (2000). Valuing long haul and metropolitan freight travel time and reliability. Journal of transportation and statistics. 3. ISSN 1094-8848

Authors

Keywords

Traffic management; people movement; contextual stated preference (CSP); freight transport; shipping; Australia;

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