Measuring the economic contribution of the freight industry to the Maryland economy.

Details

• Creators:
  Shin, Hyeon-Shic ; Bapna, Sanjay ; Farkas, Andrew ; Bonaparte, Isaac
• Corporate Creators:
  Morgan State University
• Corporate Contributors:
  United States. Department of Transportation. University Transportation Centers (UTC) Program
• Subject/TRT Terms:
  • Freight transportation
  • Economic impacts
  • Input output models
  • Performance measurement
  • Transportation modes
  • Economic analysis
  • Gross domestic product
  • Employment
  • Income
• Publication/ Report Number:
  MD-15-SHA/MSU/3-5
• Resource Type:
  Tech Report
• Geographical Coverage:
  Maryland
• Corporate Publisher:
  Maryland. State Highway Administration
• Abstract:
  Economic impacts of freight movement to Maryland’s economy were estimated by input-output analysis ; using the 2010 IMPLAN data. A freight economic output (FECO) index was also developed based on the ; historical payroll data and gross domestic product (GDP) between 2002 and 2010. This effort was ; motivated by the absence of defendable performance measures for the economic contribution of freight ; transportation services. It was found that the freight industry generates sizable ripple effects. While the ; trucking sector is the largest in terms of an absolute employment size, the spillovers of the freight water ; and port services are about seven times its employment size. The impact of government spending is also ; significant. The aggregate FECO index parallels the Maryland GDP and the national freight service index. ; Interestingly, the evidence of modal competition between truck and freight rail is observed. Their trends ; and the magnitude of the changes are generally moving in opposite directions. The findings and ; methodologies of the study will help decision makers understand the role that each freight mode plays in ; order to make more informed decisions. The economic indicators used in this study – jobs, income, and ; GDP – can be used for public outreach to mitigate the negative perception of freight movement. While ; travel time reduction and increased business productivity used in past impact studies are useful ; performance measures, jobs and income measures appeal to citizens.
  More +
• Format:
  PDF
• Funding:
  SP209B4P
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/29517/dot_29517_DS1.pdf
• File Type:
  [PDF - 909.40 KB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha-512:a73aae14fe0dc7a9b87badddcede73ab1d7a3afa4d70d9eda34a083bbda53e90d5646ce227a4d74d579605c88602ea22e01385eed41f2dc75768ed3aaec37f1e