Our Technical Director Graham James has provided expert commentary on proposed changes to values of time for road freight in England.
His article, in the latest issue of Local Transport Today (LTT), sets out the background to the new valuations being proposed by the UK Department for Transport (DfT), what the new figures look like, and what this could mean for a project’s business case.
He explains how the current valuation method doesn’t capture all the potential impacts of travel time savings, such as reduced depot overhead costs or the economic value to shippers and consumers of hitting delivery windows. Graham walks readers through the research commissioned by DfT, and how this was translated into the new valuations. He also looks at the proposed changes to journey time reliability values, and how the new figures may feed through to appraisal of other modes as well. Finally he considers the implications for practitioners who are putting together economic appraisals and business cases.
LTT is the leading journal covering the UK’s transport policy, planning and delivery. Graham’s article appears in the 30 October 2025 issue. It is available at https://lttmagazine.co.uk/edition/ for LTT subscribers or to purchase the individual edition.