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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Table 8-4 Statistics on Transportation’s Role in the Economy

Wednesday, February 22, 2017

 

Total Coverage of existing statistics Major gaps in existing statistics Why the gaps matter

Transportation capital stocks

  • National estimates of the value of transportation capital stocks
  • State inventories of public capital stocks for asset management systems
  • National Economic return on future capital stock investment by mode
  • Economic return to states on facility specific investments
  • Fiscally constrained public investment is hampered by inability to match transporta- tion investments to economic returns.
Transportation expenditures and investments
  • Total transportation expen- ditures and investments by households,
    businesses, and government
  • Purpose of transportation investment by public and private entities
  • Transportation investments for maintenance would support current economic growth while investments that expand capacity potentially increase economic returns

Transportation costs and prices

  • Gasoline and diesel prices
  • Costs of automobile ownership
  • Air carrier costs for selected categories
  • Air Carrier price indices
  • Cost to maintain highway, transit and waterway condition
  • Trucking costs by type of cost
  • Rail costs based on actual operating expenses rather than regulatory formula
  • Comprehensive costs for bus, general aviation, pipeline
  • Cargo damage and loss
  • Comprehensive estimates of cost savings from congestion reduction.
  • Cost data are used by busi- nesses and consumers to make transportation choices and by government to identify the economic consequences of transportation investments and regulations

Transportation’s contribution to the economy

  • Transportation as a share of Gross Domestic Product by sector of the economy
  • Transportation embedded in other industries (the Trans- portation Satellite Account)
  • Transportation employment
  • Economic and social activity enabled by transportation
  • Value travel time by house- holds using the transportation system
  • Value of transportation system and services to the economy and society
  • Input to establishing the appropriate size of invest- ment programs and levels of revenue collection