Independent report

Peer review: freight value of time and value of reliability

Provides a review of understanding and valuing road freight travel time.

• From: Department for Transport
• Published: 22 October 2025

Documents

Peer review: freight value of time and value of reliability

PDF, 672 KB, 53 pages

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Details

The value of travel time (VTT) is one of the key sets of values used in the modelling and appraisal of transport investments. For road freight, they represent the value attached to changes in journey time by businesses that move cargo in the UK.

This independent report reviews the understanding and valuing road freight travel time.

Ian Williams has completed this peer review on behalf of the Department for Transport.

See the response to this independent report for more information.

Published 22 October 2025