Analyzing the Economic Development Impacts of Truck Parking in Louisiana

Details

• Creators:
  Mallum, Faisal B. ; Stich, Bethany
• Corporate Creators:
  Maritime Transportation Research and Education Center (MarTREC) ; University of New Orleans. Transportation Institute
• Corporate Contributors:
  United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
• Subject/TRT Terms:
  Analysis Benefit Cost Analysis Economic Impacts Intermodal Facilities Investments Parking Facilities Truck Facilities
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Louisiana
• Edition:
  Final Report: 02/15/2024 – 09/30/2025
• Corporate Publisher:
  Maritime Transportation Research and Education Center (MarTREC)
• Abstract:
  This study explores the economic development impacts of establishing designated truck parking facilities in the New Orleans-Metairie and Baton Rouge Metropolitan Statistical Areas, two essential freight corridors in Louisiana. These regions play a critical role in port operations and interstate commerce, highlighting the need for improved intermodal infrastructure to enhance efficiency and safety. While the demand for truck parking continues to rise, developing these facilities requires significant investment and often faces community opposition due to concerns about local impacts. However, the shortage of truck parking spaces disrupts supply chains and increases highway safety risks, particularly near transportation hubs. Using input-output analysis in IMPLAN and a Cost-Benefit Analysis, this study evaluates the broader economic contributions of these projects. The findings indicate that both construction and operations would support economic growth by creating jobs, supporting businesses, and generating tax revenues. Moreover, the analysis confirms the long-term economic viability of these investments, reinforcing their potential to strengthen regional transportation networks. These insights can inform funding strategies and community engagement efforts, helping to build support for project implementation.
• Format:
  PDF
• Funding:
  69A3551747130
• Collection(s):
  University Transportation Centers
• Main Document Checksum:
  urn:sha-512:0388ea051fd956a8be846f63f196b8f9e208ee87cf80fd4b37c05866a4f06d2d271176cd9626ba1afb62e982d71109627ac265b817d92201db45d46320cab420
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/88308/dot_88308_DS1.pdf
• File Type:
  [PDF - 1.04 MB ]