Author(s):
D.R. Ellis
Publication Date
July 2017
Abstract
The 2016 value of delay time estimate for passenger vehicle motorists and truck drivers incorporates several changes from previous estimates. The value of delay time for passenger vehicle motorists now uses the median hourly wage rate for all occupations that the Bureau of Labor Statistics produced as a base. Researchers estimate the 2016 value of delay time for personal travel at $17.81 per person. The commercial value of travel time is now based on the American Transportation Research Institute annual survey modified by speed, type of vehicle, and vehicle occupancy and is estimated to be $53.69 per vehicle per hour for 2016. Neither the value of delay time for personal nor commercial vehicles include the cost of fuel.
Link(s):
Document/Product
http://tti.tamu.edu/documents/TTI-2017-10.pdf
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