What is the value of time assumed for large trucks in this report?
This report assumes a value of time of $25.24 per vehicle hour for large trucks, compared with $15.71 for cars. Timely and reliable trucking is essential to an economy in which businesses keep inventories low and use just-in-time delivery to keep costs down. This report assumes a “reliability premium” of 200 percent, meaning that estimated nonrecurring delay is valued at twice the cost of estimated recurring delay. In other studies in the United States and in Europe, estimated values of time for trucking range as high as $193.80, with a median value among the studies of $40 and a mean of $51.80. The value of reliability (i.e., the cost of unexpected delay) is another 50 to 250 percent higher.
