PDF Transportation Economic Trends

TRANSPORTATION ECONOMIC TRENDS

2017

U.S. Department of Transportation Bureau of Transportation Statistics

TRANSPORTATION ECONOMIC TRENDS 2017

U.S. Department of Transportation Bureau of Transportation Statistics

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ACKNOWLEDGEMENTS

U.S. Department of Transportation Elaine L. Chao Secretary of Transportation

Jeffrey A. Rosen Deputy Secretary of Transportation

Bureau of Transportation Statistics Patricia Hu Director

Rolf Schmitt Deputy Director

Produced Under Ed Strocko Director, Office of Spatial Analysis and Visualization

Project Manager Stephen Brumbaugh

Major Contributors Theresa Firestine Ken Notis

Other Contributors Simon Randrianarivelo

Editor William H. Moore

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QUALITY ASSURANCE STATEMENT

The Bureau of Transportation Statistics (BTS) provides high quality information to serve government, industry, and the public in a manner that promotes public understanding. Standards and policies are used to ensure and maximize the quality, objectivity, utility, and integrity of its information. BTS reviews quality issues on a regular basis and adjusts its programs and processes to ensure continuous quality improvement.

Notice This document is disseminated under the sponsorship of the Department of Transportation in the interest of information exchange. The U.S. Government assumes no liability for its contents or use thereof.

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ABOUT THIS REPORT

Transportation plays a vital role in the American economy: it makes economic activity possible, and serves as a major economic activity itself. Transportation Economic Trends 2017 highlights important trends in transportation and the economy, and explains related economic concepts and data sources for a general audience.

Organization The report has eight chapters:

? Chapter 1 introduces the Transportation Services Index, a monthly summary of freight and passenger movement.

? Chapter 2 explains what transportation contributes to the American economy. ? Chapter 3 examines the costs that households and businesses pay for transportation. ? Chapter 4 analyzes transportation-related employment. ? Chapter 5 explains and examines trends in transportation productivity. ? Chapter 6 analyzes household spending on transportation goods and services. ? Chapter 7 examines government transportation spending and revenue. ? Chapter 8 discusses transportation assets and infrastructure. Each chapter uses the latest data available as of June 15, 2017 unless otherwise noted.

Improvements to the 2017 Edition Transportation Economic Trends 2017 builds on the 2016 edition with updated data and new content, including:

? An expanded discussion of transportation productivity measures and how the transportation sector has contributed to economic growth in the United States (chapter 5);

? National data measuring the value of and investment in transportation assets (chapter 8);

? Additional explanations of economic concepts and data sources; ? A glossary of economic and transportation terms.

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