Evaluating the Public Investment Mix in US Freight Transportation Infrastructure
Document Type
Article
Publication Date
1-2008
Publication Source
Transportation Research Part A: Policy and Practice
Abstract
This research empirically evaluates the public sector investment in the US freight transportation infrastructure. In particular, the infrastructures to support the two most comparable modes of freight transportation – highway and intermodal rail – are examined as alternatives for public fund allocation. Indicators for public sector transportation infrastructure investment mix are established based on financial analysis of both private and social costs and benefits, as well as the propensity of freight shippers to utilize such infrastructures. The research results in recommendations for the aggregate allocation of public funds in the US based on these indicators. We find that approximately a quarter of truck freight could be handled at a 25% lower cost if rail infrastructure to support it existed. Because an additional 80% reduction in social costs could be achieved through this modal conversion, the public sector is a critical participant in creating a more efficient transportation infrastructure.
Inclusive pages
1–14
ISBN/ISSN
0965-8564
Copyright
Copyright © 2008, Elsevier
Publisher
Elsevier
Volume
42
Issue
1
Peer Reviewed
yes
eCommons Citation
Gorman, Michael F., "Evaluating the Public Investment Mix in US Freight Transportation Infrastructure" (2008). MIS/OM/DS Faculty Publications. 68.
https://ecommons.udayton.edu/mis_fac_pub/68
COinS
Comments
Permission documentation is on file.