Time Centrality in Transport

In the transport sector, time is an important service variable. Generally speaking, high-speed services can command a higher price than slower alternatives. Recent signals indicate the introduction of a new transport option in the shipping industry: fastships. In Japan, small fastships – about 300 Twenty Foot Equivalent Unit (TEU) – are already in operation and the introduction of a fastship service across the Atlantic with 1,460 TEU ships has been announced a couple of times. These developments justify attention to the question: ‘what is the Value-of-Time (VOT) in maritime freight transport?’ In an attempt to answer this question, a model is developed here, aimed at analysing the impact of time on transport choices. As an illustration, this model is used to analyse the case study of a fastship service across the Atlantic Ocean. The model shows that a fastship service should be able to ensure a limited market share.


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  • Accession Number: 01608113
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 27 2016 11:33AM