New report corroborates need to address transportation
The U.S. Chamber of Commerce has released a “Transportation Performance Index,” the first metrics designed to look at how U.S. transportation infrastructure is serving the needs of the U.S. economy and business community over time. The index shows a significant decline over the last five years in how America’s transportation infrastructure is serving the needs of domestic commerce, international trade and the overall U.S. economy.
“The performance of the nation’s transportation system is not keeping pace with the rate of growth of the demands on that system,” said Thomas J. Donohue, president and CEO of the Chamber.
The Chamber’s study represents another report showing that transportation infrastructure must be considered a key component of the economic viability of a region, state and country. Without an adequate infrastructure network, economic progress won’t be achieved.
“Clearly the state of our nation’s infrastructure is holding us back,” said PHIA managing director Jason Wagner. “We have a long way to go to ensure that our infrastructure is propelling our nation forward not backward.”
For more information, and a link to the index, click here.
