Consumers increasingly expect same-day deliveries which could become more difficult to achieve with rising traffic volumes. The Federal Highway Administration reports that 947,000 hours of vehicle delay can be attributed to delivery trucks double-parked in dense urban areas.
Facts & Quotes
From 2000 to 2015, road infrastructure increased 5.2 percent while traffic volume increased by 14 percent.
U.S. public spending on infrastructure fell by 8 percent between 2003 and 2017.
In the 1930's, 4.2 percent of America's gross national product was spent on infrastructure investment. But by 2016 the number fell to 1.5 percent.
In 2017, 1.7 billion passengers and 31.7 metric tons of cargo traveled through U.S. airports.
Passenger Facility Charges (PFCs) are imposed by states or units of local government that own or operate airports - they are not collected or spent by the federal government. Instead, PFCs go directly to fund local airport projects approved by the Federal Aviation Administration with input from airlines and local communities.
The locally-imposed user fee used by airports to partially fund airport infrastructure projects known as the Passenger Facility Charge (PFC) has not been adjusted since 2000 and as a result has lost 50% of its purchasing power.
Infrastructure projects at U.S. airports are funded primarily with federal grants through the Federal Aviation Administration's Airport Improvement Program, a local user fee called the Passenger Facility Charge (PFC), and airport-generated revenue from tenant rents and fees. Airports often turn to capital markets to debt-finance projects, using both PFC revenue and airport-generated revenue to repay the bonds.
With a national economic impact of $1.4 trillion, airports contribute more than 7% to the U.S. gross national product and support over 11.5 million jobs around America. However, inadequate airport infrastructure that fails to meet the needs of local businesses and tourists puts in jeopardy the continued economic growth of the nation's cities, states and regions.
U.S. port cargo activities generated $5.4 trillion of total economic value in 2018.
Cargo activity at U.S. ports support 26 percent of our economy.
Over $6 billion in goods are handled by seaports each weekday.