By 2030 post-Panamax ships will account for 62 percent of the capacity of the world’s container fleet.
Facts & Quotes
In 2011, the freight transported in America was 17.6 billion tons, with 64 percent by truck, and freight ton miles are expected to grow 72 percent from 2015 to 2040.
Since 1950, the population of the United States more than doubled but the road system grew only from 3.3 million miles to more than 4.1 million miles.
25 percent of America’s bridges are structurally deficient or functionally obsolete.
The highway and bridge backlog required to restore the system to the level of condition and performance required to meet today’s demand is $740 billion.
The quality of U.S. road infrastructure ranks 16th in the world behind such countries as Portugal and Austria.
The quality of U.S. air infrastructure ranks 9th in the world behind such countries as Finland and Panama.
The quality of U.S. rail infrastructure ranks 15th in the world behind such countries as Korea and Luxembourg.
The quality of U.S. port infrastructure is ranked 12th in the world behind such countries as Iceland and Denmark.
The Congressional Budget Office has estimated that direct well-targeted government spending of $185 billion a year on infrastructure would generate economic and social benefits that would exceed the cost.
GDP per capita would increase 0.3 percent for every single point of improvement in the Transportation Index. Allowing the overall transportation performance to lag behind the average index of the top 5 performing states leaves about $1 trillion of potential GDP on the table.
For every $1 billion increase in federal investment in transportation infrastructure an estimated 27,800 jobs are created.