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Title: Value of Rail Freight Travel Time in Trans-Korea Railroad Project
Accession Number: 01121961
Record Type: Component
Availability: Transportation Research Board Business Office 500 Fifth Street, NW Abstract: South Korea is becoming the central logistics distribution country for Northeast Asia. In this paper, the author estimate the value of rail freight time by using stated preference data of rail freight cargo. In addition, the various values of rail freight characteristics are considered, such as reliability of shipments, transportation time, and shipping frequency. The value of time for transporting a container was estimated at $8.67 per 40 ft container per hour and $0.38 per metric ton per hour for bulk commodities. The value of shipment reliability for transporting a container was estimated at $2.31 per hour and for $0.20 per hour for bulk freight. Finally, the value of shipment frequency for transporting a 40 ft container was $2.14 and bulk freight was $0.086. These results indicate the importance of taking into account the value of freight time when planning and evaluating freight transportation projects such as Trans-Korea Railway (TKR).
Monograph Title: Monograph Accession #: 01120148
Report/Paper Numbers: 09-0209
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Kang, KyungwooPagination: 13p
Publication Date: 2009
Conference:
Transportation Research Board 88th Annual Meeting
Location:
Washington DC, United States Media Type: DVD
Features: Maps; References
(20)
; Tables
(8)
TRT Terms: Geographic Terms: Subject Areas: Finance; Freight Transportation; Planning and Forecasting; Railroads; I10: Economics and Administration
Source Data: Transportation Research Board Annual Meeting 2009 Paper #09-0209
Files: TRIS, TRB
Created Date: Jan 30 2009 4:30PM
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