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Title: PERCEIVED BENEFITS OF CONGESTION PRICING FOR TRUCKS
Accession Number: 00965376
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: Empirically derived value-of-time distributions are used to calculate the perceived benefits from the time saved by trucks in using toll lanes. The conditions on the SR-91 congestion pricing facility in California are used in a case study. Assuming that the value of time for trucks is lognormally distributed, the probabilistic truck mode share for the toll lanes was estimated separately for in-house and for-hire trucks. The mean values of time for toll-lane users and nonusers were estimated using Monte Carlo simulations. The benefits were calculated as the value of travel time savings that accrue for both toll-lane users and nonusers. The analyses found that the opening of the congestion pricing facility in 1995 has resulted in more than $2 million in annual savings for trucks. Trucks would realize an added $660,000 annually if the toll lanes were open to trucks. The disproportional share of the benefit goes to a few trucks with very high values of time, especially when the toll is expensive. Also, for-hire trucks receive, on average, greater benefit than in-house carriers because of higher values of time.
Supplemental Notes: This paper appears in Transportation Research Record No. 1833, Freight Policy, Economics, and Logistics; Truck Transportation.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Kawamura, KPagination: p. 59-65
Publication Date: 2003
Serial: ISBN: 0309085675
Features: Figures
(9)
; References
(14)
; Tables
(1)
TRT Terms: Uncontrolled Terms: Subject Areas: Freight Transportation; Highways; Motor Carriers; Planning and Forecasting; Society; I72: Traffic and Transport Planning
Files: TRIS, TRB, ATRI
Created Date: Nov 3 2003 12:00AM
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