diff --git a/src/lang/extra/english.txt b/src/lang/extra/english.txt
index 504ae7b5b6..5e05844bf8 100644
--- a/src/lang/extra/english.txt
+++ b/src/lang/extra/english.txt
@@ -492,6 +492,13 @@ STR_CONFIG_SETTING_TIMETABLE_AUTOFILL_ROUNDING_TICKS_VALUE      :{COMMA}{NBSP}ti
 ##default-translation STR_COLOUR_DEFAULT
 STR_CONFIG_SETTING_TIMETABLE_AUTOFILL_ROUNDING_TICKS_DEFAULT    :Default
 
+STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION          :Default duration for new dispatch schedules: {STRING2}
+STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION_HELPTEXT :This sets the default duration for new dispatch schedules. The default is 24 hours (1440 minutes). (When timetabling in days the default is 1 year).
+STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION_VALUE    :{COMMA}{NBSP}minute{P 0 "" s}
+###setting-zero-is-special
+##default-translation STR_COLOUR_DEFAULT
+STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION_DEFAULT  :Default
+
 STR_CONFIG_SETTING_DEFAULT_ROAD_TYPE                            :Default road/tram types (after new game/game load): {STRING2}
 STR_CONFIG_SETTING_DEFAULT_ROAD_TYPE_HELPTEXT                   :Road/tram types to select after starting or loading a game. 'first available' selects the oldest type of road/tram, 'last available' selects the newest type of road/tram, 'most used' selects the type which is currently most in use, and 'default' selects the default type
 
diff --git a/src/schdispatch_gui.cpp b/src/schdispatch_gui.cpp
index f127794fc0..56ca81cbcb 100644
--- a/src/schdispatch_gui.cpp
+++ b/src/schdispatch_gui.cpp
@@ -18,6 +18,7 @@
 #include "string_func.h"
 #include "spritecache.h"
 #include "gfx_func.h"
+#include "company_base.h"
 #include "company_func.h"
 #include "date_func.h"
 #include "date_gui.h"
@@ -160,7 +161,15 @@ static void AddNewScheduledDispatchSchedule(VehicleID vindex)
 	DateTicksScaled start_tick;
 	uint32 duration;
 
-	if (_settings_time.time_in_minutes) {
+	const Company *c = Company::GetIfValid(_local_company);
+	if (c != nullptr && c->settings.default_sched_dispatch_duration != 0) {
+		/* Use duration from setting, set start time to be integer multiple of duration */
+
+		const TickMinutes now = _settings_time.NowInTickMinutes();
+		start_tick = _settings_time.FromTickMinutes(now - (now.base() % c->settings.default_sched_dispatch_duration));
+
+		duration = c->settings.default_sched_dispatch_duration * _settings_time.ticks_per_minute;
+	} else if (_settings_time.time_in_minutes) {
 		/* Set to 00:00 of today, and 1 day */
 
 		start_tick = _settings_time.FromTickMinutes(_settings_time.NowInTickMinutes().ToSameDayClockTime(0, 0));
diff --git a/src/settings_gui.cpp b/src/settings_gui.cpp
index 45dd9429cb..0a173fefd2 100644
--- a/src/settings_gui.cpp
+++ b/src/settings_gui.cpp
@@ -2200,6 +2200,7 @@ static SettingsContainer &GetSettingsTree()
 			company->Add(new SettingEntry("company.advance_order_on_clone"));
 			company->Add(new SettingEntry("company.copy_clone_add_to_group"));
 			company->Add(new SettingEntry("company.remain_if_next_order_same_station"));
+			company->Add(new SettingEntry("company.default_sched_dispatch_duration"));
 		}
 
 		SettingsPage *accounting = main->Add(new SettingsPage(STR_CONFIG_SETTING_ACCOUNTING));
diff --git a/src/settings_type.h b/src/settings_type.h
index cc2232f8c4..f6c7017f95 100644
--- a/src/settings_type.h
+++ b/src/settings_type.h
@@ -834,6 +834,7 @@ struct CompanySettings {
 	bool advance_order_on_clone;             ///< when cloning a vehicle or copying/sharing an order list, advance the current order to a suitable point
 	bool copy_clone_add_to_group;            ///< whether to add cloned vehicles to the source vehicle's group, when cloning a vehicle without sharing orders
 	bool remain_if_next_order_same_station;  ///< if the next order is for the same station, start loading/unloading again instead of leaving.
+	uint16 default_sched_dispatch_duration;  ///< default scheduled dispatch duration
 
 	byte old_simulated_wormhole_signals;     ///< no longer needs a setting: tunnel/bridge signal simulation spacing
 };
diff --git a/src/table/settings/company_settings.ini b/src/table/settings/company_settings.ini
index 30ed0101c7..07849fac81 100644
--- a/src/table/settings/company_settings.ini
+++ b/src/table/settings/company_settings.ini
@@ -266,6 +266,21 @@ str      = STR_CONFIG_SETTING_REMAIN_IF_NEXT_ORDER_SAME_STATION
 strhelp  = STR_CONFIG_SETTING_REMAIN_IF_NEXT_ORDER_SAME_STATION_HELPTEXT
 patxname = ""remain_if_next_order_same_station""
 
+[SDT_VAR]
+base     = CompanySettings
+var      = default_sched_dispatch_duration
+type     = SLE_UINT16
+flags    = SF_PER_COMPANY | SF_GUI_0_IS_SPECIAL | SF_PATCH
+def      = 0
+min      = 0
+max      = 10080
+interval = 30
+str      = STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION
+strhelp  = STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION_HELPTEXT
+strval   = STR_CONFIG_SETTING_SCHEDULED_DISPATCH_DEFAULT_DURATION_VALUE
+cat      = SC_ADVANCED
+patxname = ""default_sched_dispatch_duration""
+
 [SDT_VAR]
 base     = CompanySettings
 var      = old_simulated_wormhole_signals