Only three U.S. ports (Norfolk, Baltimore and Miami) are dredged deep enough to accommodate the post-Panamax ships that will become the norm when the newly widened Panama Canal opens.
Facts & Quotes
By 2030 post-Panamax ships will account for 62 percent of the capacity of the world’s container fleet.
In 2011, the freight transported in America was 17.6 billion tons, with 64 percent by truck, and freight ton miles are expected to grow 72 percent from 2015 to 2040.
Since 1950, the population of the United States more than doubled but the road system grew only from 3.3 million miles to more than 4.1 million miles.
The highway and bridge backlog required to restore the system to the level of condition and performance required to meet today’s demand is $836 billion.
The quality of U.S. road infrastructure ranks 10th in the world behind such countries as Portugal and Austria.
The quality of U.S. air infrastructure ranks 9th in the world behind such countries as Finland and Denmark.
The quality of U.S. rail infrastructure ranks 10th in the world behind such countries as Korea and Singapore.
The quality of U.S. port infrastructure is ranked 9th in the world behind such countries as Iceland and Belgium.
The Congressional Budget Office has estimated that direct well-targeted government spending of $185 billion a year on infrastructure would generate economic and social benefits that would exceed the cost.
GDP per capita would increase 0.3 percent for every single point of improvement in the Transportation Index. Allowing the overall transportation performance to lag behind the average index of the top 5 performing states leaves about $1 trillion of potential GDP on the table.
For every $1 billion increase in federal investment in transportation infrastructure an estimated 27,800 jobs are created.