Transportation underpins the U.S. economy. Whether it’s the movement of freight or the creation of jobs, the nation depends on seamless, efficient transportation. Businesses, factories, employers and consumers must be connected to a dependable transportation network to help build and sustain a healthy economy
Current economic reports show that the nation’s economy is on the rise. As the economy grows, more goods will be produced and shipped, requiring the transportation of raw materials to manufacturing plants, parts to assembly plants and finished products to meet consumers demand.
Real gross domestic product (GDP) increased 2.5 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “second” estimate released by the Bureau of Economic Analysis
Source: Bureau of Economic Analysis, Department of Commerce: June 2013
An efficient and safe transportation network is critical to sustain a national economic recovery. According to the ASCE report card, forty-two percent of America’s major urban highways remain congested, costing the economy an estimated $101 billion in wasted time and fuel annually.
Source: ASCE 2013 National Infrastructure Report Card
To remain globally competitive in the global real-time delivery system, significant investment in the infrastructure network (ports, highways, security, etc) is critical. competitive
Global Competitiveness Report 2013-2014
The United States is in the top five overall rankings in the Global Competitiveness Report released by the World Economic Forum following Switzerland, Finland, Singapore, and Germany. It remains dominant in many industries projected to grow in the future, yet in the infrastructure category, out of 114 countries the U.S. ranked: