United States Department of Transportation
i
Emerging trade corridors and Texas transportation planning.
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2010-02-01
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[PDF-2.76 MB]
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Edition:Technical report; Sept. 2007-Aug. 2009.
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Abstract:The period 1995–2006 was characterized by a strong growth in world trade, averaging 5 to 11%
per annum excluding sharp, but brief, declines in 1997 and 2001. The combination of consumer
confidence in almost all global markets, easy access to credit and financing in North America and Europe,
the emergence of Asia (particularly China) as a manufacturing mega-region, and the ability of multimodal
transportation systems to move bulk and consumer products around the world efficiently and cheaply
combined to irresistibly drive up trade, whether measured by value or tonnage. In addition, the success of
the World Trade Organization in reducing tariffs and promoting trade provided further impetus to long
term growth. The term "global trade" tends to be associated with containerized commodities that were the
main focus of this study but it should be recognized that bulk and specialized products--including oils,
ores, grains, and autos--play significant roles in the commodity types moving across the global
transportation corridors and all of these types use elements of the Texas transportation system.
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