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Highway Congestion * USA - Costing Business Thru Delays, Wasted Fuel
Conference "Infrastructure--A Path to Prosperity"
New Rochelle,NY,USA -Automotive Digest -3 Mar 2008: -- Sponsored by Terex held at Iona College in New Rochelle, NY... Dire needs of US transportation industry discussed w/participation by Susan Eisenhower of Eisenhower Group, Rep James Oberstar (D-MN), Chairman of House Committee on Transportation and Infrastructure... 84% of our commodities are transported over highways... General Mills says losses are $2M for each MPG trucks must travel below speed limit, UPS says $40M... Highway capacity has increased only .6% while freight increased 3%/yr... 40% of all roadways will hit capacity in next 15 years... Congestion cost 42B hours of travel delay in 2007 and 2.9M more gallons of fuel... Every $1B spent on infrastructure creates 47K jobs... Infrastructure problems also impact national security... Need for national commission on infrastructure promoted to administer $1.6T needed over next 5 years to fix problems...
Labels: congestion pricing debate
posted by Unknown @ 2:31 PM
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