Valuing Freight Transport Time using Transport Demand Modelling: A Bibliographical Review

María Feo-Valero, Leandro García-Menéndez, Rodrigo Garrido-Hidalgo
  • Transport Reviews, September 2011, Taylor & Francis
  • DOI: 10.1080/01441647.2011.564330

A thorough literature review on the topic of "value of time" for the case of freight transport.

What is it about?

In this article, we reviewed the different approaches to estimate an economic valuation of time for the case of freight transport in different settings.

Why is it important?

It is the first thorough review of this topic in recent years. Estimating the value of time has been done extensively for the passengers' transport but, surprisingly enough the freight transport (which in terms of GDP is even more relevant) has had little attention from researchers.


Prof. Rodrigo A Garrido
Universidad Diego Portales

This topic will be more relevant in the coming years as the freight movement increases globally. The value of time in the freight scope is one of the key parameters to make an economic evaluation of infrastructure.

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The following have contributed to this page: Prof. Rodrigo A Garrido