Introductory reports: The importance of the cost and time of transport for international trade / A. Deardorff (United States) -- Time and passenger transport / Y. Crozet (France) -- The value of freight transport time: a logistics perspective - state of the art and research challenges / L. Tavasszy (Netherlands) and N. Bruzelius (Sweden) -- Summary of discussions -- List of participants.

For the majority of transport policies and projects, time savings rank among the most important benefits. Consequently, time valuation standards and conventions play a crucial role in the evaluation of transport policies and infrastructure investment projects. This Round Table revisited the extended literature on the valuation of passenger time and discussed the under-researched topic of the value of time in freight transport. It assessed the increased value of time in international freight transport, given the trend towards globalisation.