Op/Ed: Act Now on Port Infrastructure
Funding for freight transportation infrastructure is urgently needed to keep U.S. economy moving.
- U.S. infrastructure lagging behind: American Society of Civil Engineers graded U.S. infrastructure as a D+ in 2016 and estimated that 56,000 bridges are structurally deficient, while over half of our locks and dams have exceeded their design life. Meanwhile, China lifted 400 million people out of poverty by heavily investing in infrastructure.
- Congestion killing productivity: Road and rail systems are carrying volumes beyond what they were designed for, which increases congestion. American Transportation Research Institute reported congested highways cost the trucking industry $63 billion in 2015 and caused 996 million hours of lost productivity. That’s equal to 362,000 trucks sitting idle for a year.
- 11 million jobs depend on one aging lock: U.S. Department of Homeland Security reported that if the Poe Lock failed for six months, the nation would be plunged into a recession resulting in the loss of 11 million jobs. Rebuilt in 1968, the aging lock is the only feasible passageway for raw materials to get to the U.S. steel industry, and upgrades are critical.
- $66 billion needed for U.S. ports: American Association of Port Authorities has identified a need for $66 billion in federal investments for critical port-related infrastructure over the next 10 years. Meanwhile, the port industry generates $320 billion annually in taxes, supports 23 million jobs and is investing $31 billion per year in infrastructure. Currently, the harbor maintenance taxes paid by shippers are much greater than the federal funds being allocated to maintain our harbors, and that needs to change.
- Indiana’s model could benefit nation: Indiana recently passed groundbreaking legislation that provides $1.2 billion in new annual funding for roads and bridges over the next 20 years. By building a strong coalition and developing a collaborative process for identifying needs and sources of funding, a statewide logistics council was able to build a comfort level with legislators and the public about the need for tax increases. Raising taxes used to be considered a “death knell” for re-elections, but that is no longer the case when it comes to infrastructure.
- Speak with one voice. This is a non-partisan issue that affects all modes of transportation and essentially every type of business.
- Support a comprehensive national strategy. States have taken the lead on developing highways, but a broader multimodal perspective is needed to invest wisely in a national freight system.
- Act now! It would not be wise to sit idle when the U.S. President is talking about making major investments in our country’s infrastructure. The time is now.