Ports and surface transportation must be able to accommodate the country’s growing population and freight volumes. The US DOT predicts that by 2045, freight volume will increase 45% and America’s population will grow by 70 million people. America’s infrastructure has an average rating of a D+, ranking 12th worldwide in its health of infrastructure.
- 65% of America’s major roads are rated “less than good condition”
- In Pennsylvania, nearly 1 in 4 bridges are considered structurally deficient
- Motorists spend $5.7 billion a year from driving on roads that need repair in Texas
As economic trends and federal policies change, so will the US freight market and infrastructure project prioritization. “Tax reform, trade, infrastructure: we have a role to play in all of those issues,” said Chris Spear, president and CEO of the American Trucking Association (ATA).