USDOT 'Fast Lane' Blog Highlights AAPA's 2015 'The State of Freight' Report
Sec. Foxx says time is of the essence to fund priority infrastructure projects
From U.S. Department of Transportation Secretary Anthony Foxx:
Mobile, Alabama, has one of the largest, most productive ports in the country –a port that is pumping billions of dollars into Alabama’s economy every year. The Port of Mobile has a container terminal linked up with five railroads, two highways, and 15,000 miles of waterways.
Mobile is not alone in enjoying the benefits of a major port. According to a recent study, America’s seaports generated $4.6 trillion in total economic activity and supported 23 million jobs in 2014.
Which sounds like good news. But alarmingly, a survey entitled The State of Freight, released the same day by the Association of American Port Authorities identified a current need of $29 billion in port infrastructure investment to be able to handle projected freight volumes...