Implementation of Action 6 of CSFAP Phase 3 Tracking Economic Competitiveness Part 1: 2023 Economic Competitiveness Metrics Annual Report

Giuliano, Genevieve; Wei, Dan; Olukilede, Praise; METRANS Transportation Center (Calif.); Pacific Southwest Region 9 UTC, University of Southern California; University of Southern California

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Implementation of Action 6 of CSFAP Phase 3 Tracking Economic Competitiveness Part 1: 2023 Economic Competitiveness Metrics Annual Report

2024-01-01
By Giuliano, Genevieve ; Wei, Dan ; Olukilede, Praise

[PDF-2.22 MB]

English

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Details:

Creators:

Giuliano, Genevieve ; Wei, Dan ; Olukilede, Praise

Giuliano, Genevieve ; Wei, Dan ; Olukilede, Praise Less -
Corporate Creators:

METRANS Transportation Center (Calif.) ; Pacific Southwest Region 9 UTC, University of Southern California ; University of Southern California

METRANS Transportation Center (Calif.) ; Pacific Southwest Region 9 UTC, University of Southern California ; University of Southern California Less -
Corporate Contributors:

California Department of Transportation ; University of Southern California. Sol Price School of Public Policy ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology

California Department of Transportation ; University of Southern California. Sol Price School of Public Policy ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology Less -
Subject/TRT Terms:

[+]

Competition Economic Competitiveness Economics Freight Transportation Metrics (Quantitative Assessment) Performance Measurement
Publication/ Report Number:

PSR-21-SP80 TO 042
Resource Type:

Tech Report
Geographical Coverage:

California ; United States

California ; United States Less -
Edition:

Final report (8/1/21 - 12/31/23)
Corporate Publisher:

Pacific Southwest Region 9 UTC, University of Southern California
Abstract:

This report is one of two for Phase 4 of the Tracking Economic Competitiveness project. This is the Annual Economic competitiveness Metrics report, which presents competitiveness metrics and trends for California’s freight sector. This research supports implementation of the California Sustainable Freight Action Plan (CSFAP) and the California Freight Management Plan (CFMP). This is the second annual performance metrics report. The six year series shows that the California freight sector continues to grow faster than that of the US, and faster than the general economy. Real revenues and employment continue to increase. Self-employment is growing faster than wage employment; self-employment now accounts for 45% of the sector workforce. Payroll per worker has recently increased, but not enough to move past 2015 levels. Significant tightening of the labor market is not yet reflected in wage increases. The trucking sector continues to grow approximately in parity with the comparison states (Arizona, Nevada, Utah). California wages continue to deteriorate relative to average state wage. The beginning of COVID effects are seen in a decline in GDP in 2020 and in the decline in vessel value for the port sector.
Format:

PDF
Funding:

USDOT Grant 69A3551747109 ; Caltrans Grant 65A0674

USDOT Grant 69A3551747109 ; Caltrans Grant 65A0674 Less -
Collection(s):

University Transportation Centers
Main Document Checksum:

[+]

urn:sha256:d2dc1f98292c6bd3471389b60c0b20c38be39854950a4721f756ef5efe525441
Download URL:

https://rosap.ntl.bts.gov/view/dot/73627/dot_73627_DS1.pdf
File Type:

No Additional Files

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Implementation of Action 6 of CSFAP Phase 3 Tracking Economic Competitiveness Part 1: 2023 Economic Competitiveness Metrics Annual Report

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