Data Analytics and Support Tools for Inland Waterways
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2024-06-01
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Edition:Final Report
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Abstract:The United States (U.S.) inland waterways system (also known as the backbone of the transportation logistic system) directly connects 28 states and plays a crucial role in our nation’s competitiveness and economic growth supporting efficient, safe, and sustainable transport for multiple commodities including agriculture, chemicals, and building materials. The cost to transport commodities on the inland waterways is roughly half the cost to ship by rail. Estimated transportation cost savings, according to the United States Army Corps of Engineers (USACE) and the U.S. Chamber of Commerce range from $7 billion (bn) to $9 bn annually. By 2045, it is expected that the U.S. Inland Waterways System (IWS) will contribute (in)directly $121 bn in economic output, 450 thousand jobs, and $62.3 bn in GDP. Furthermore, inland waterway transportation provides effective means of expanding capacity with less environmental and funding issues compared to other modes of transportation.
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