Monetizing truck freight and the cost of delay for major truck routes in Georgia
Gillett, Jessica C.
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This research provides an example delay calculation for long-haul single unit and combination trucks on Interstate-75 (I-75) in Georgia. Truck profiles on Georgia interstates are used to calculate the value of freight by truck type and commodity moved. Determining the types of trucks and commodities moved within the state of Georgia allows the researcher to monetize the effect of recurring congestion by location in addition to the cost of lost time. A more accurate calculation of delay based on truck type and commodity moved will better inform the Georgia Department of Transportation about the performance of Georgia's major truck routes and its potential effect on the local economy. A review of past research on this topic found that the calculated cost of delay in previous studies varied widely based on truck and commodity type. The identification of the types of commodities moved can assist in better monetizing the value of truck freight. Using forecast data on future truck traffic volume increases in the corridor, the growing importance of putting a value on different types of truck freight delay costs are demonstrated.