Time and Transport
By: European Conference of Ministers of Transport
Series: ECMT Round Tables -- no.127
Publisher: OECD Publishing
Published: 2005
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 130
ISBN-13: 9789282123294
Subjects: Transportation
Description: This Round Table revisits the extended literature on the valuation of passenger time and discusses the under-researched topic of the value of time in freight transport. It assesses the increased value of time in international freight transport, given the trend towards globalisation. In particular, urban planners are concerned that an overvaluation of passenger time could give rise to excessive urban infrastructure investment which would induce low-density development of cities and urban sprawl. Transport policy measures that increase the speed and reliability of freight transport not only reduce its direct costs but have strong effects on inventory policies, logistics and even the location of firms. As recent empirical studies show, variations in time requirements for international transport, and increasingly short product and fashion cycles, have an influence on the pattern of foreign direct investment and international trade flows. Rational transport policy decision making has to take account of these indirect effects.
Table of contents: title: The Importance of the Cost and Time of Transport for International Trade by A. Deardorff; title: Time and Passenger Transport by Y. Crozet; title: The Value of Freight Transport Time: A Logistics Perspective - State of the Art and Reserach Challenges by L. Tavasszy and N. Bruzeluis; title: Summary of the Discussions; title: List of Participants