Governor's Transportation Summit - The Integral Relationship Between Freigh and the Economy

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Dan England provided the following presentation at the Governor's Transportation Summit on November 5, 2013.

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Governor's Transportation Summit - The Integral Relationship Between Freigh and the Economy

  1. 1. The Integral Relationship Between Freight and the Economy Dan England Chairman, C.R. England
  2. 2. Distribution of Tonnage by Mode: 2012 Rail Intermodal, 1.2% Air, 0.1% Water, 6.4% Pipeline, 10.3% Rail Carload, 13.5% Truck , 68.5% Source: U.S. Freight Transportation Forecast to 2024
  3. 3. Growth in Tonnage 90% Total Increase from 2012 to 2024 80% Rail Intermodal 70% 60% 50% Air 40% 30% Trucking 20% Waterborne Rail Carload 10% Pipeline 0% 2012 Source: U.S. Freight Transportation Forecast to 2024 2024
  4. 4. Billions $700 Revenue by Mode - 2012 $642.1 $600 $500 $400 $300 $200 $100 $0 $57.1 Truck Rail Carload $41.5 Pipeline $12.2 $14.7 Waterborne Rail Intermodal Source: U.S. Freight Transportation Forecast to 2024 $28.0 Air
  5. 5. Distribution of Revenue by Mode: 2012 vs 2024 Water Rail Intermodal 2.5% Air 1.4% Water Rail Intermodal 1.5% 1.8% Air 3.5% Pipeline Pipeline 4.3% Rail Carload 6.7% 5.2% Rail Carload 7.2% 4.0% Truck 81.1% Truck 80.8% 2012 Source: U.S. Freight Transportation Forecast to 2024 2024
  6. 6. Highway Funding is Severely Inadequate $70 billion annual investment from all sources $133 billion needed to prevent problems from getting worse $756 billion shortfall by 2020, $3.25 trillion shortfall by 2040 Need to roughly double highway spending to begin to reduce congestion, address pavement and bridge deficiencies
  7. 7. Highway Trust Fund Current and Short-Term Situation Since 2008 Congress has transferred $41 billion from the general fund to the HTF and an additional $12.6 billion is authorized for 2014 In FY2015 HTF obligations will exceed revenue 2015 shortfall options Cut funding from $51 billion to $0 (the no action scenario) $14 billion from General Fund Raise fuel taxes by 10 cents per gallon Combination of those options
  8. 8. Thank You 9

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