Freight Infrastructure & Freight Insurance

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Building a Stronger America project was released on February 12, 2018. The project emphasizes third main points which is to build fast, build for the people, and build for the future.

Building Fast:

The Administration proposes a $1.5 trillion investment to correct America’s crumbling infrastructure and prepare America for better opportunities. The goal would be to fix the infrastructure deficit if Congress approves this legislation. “We will fix the broken permit process, so America can become a global infrastructure leader.” An example they used was when the Empire State Building was constructed it only took a year. Now to get an approval for a highway it takes at least 10 years. The permitting and approval process needs to be less than two years.

Building for the People:

The Administration would like to remove from the Federal Government the decision making of the projects. They would like to put into States hands this decision. The plan would delegate $100 billion to the use of State, local, and private investment.

Building for the Future:

$50 billion would be dedicated to the rural areas of America to address unique infrastructure challenges, rebuilding and modernizing bridges, roads, water and wastewater assets, water resources, waterways, power generation assets, and broadband. $20 billion would spur competition around bold, innovative, and transformative infrastructure projects to improve future infrastructure. The proposal would be committed to generate new projects that would increase employment and boost the demand for labor.

What impacts would this project have on the freight industry? Would it increase the demand for freight and make the transportation for freight quicker? Would this be a positive impact on the livelihood of millions through the US? Not only will there be an increase in freight transport but the need to protect this freight while in transit will be an integral part of freight transport. Freight Insurance has always been the most import part when transporting freight. Freight Insurance minimizes the risk and freight insurance demand has increased by billions of dollars every year. Read about us http://www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

The Challenges of Transportation Today

Regardless of the era, people moved. Whether if you were a Viking that navigated the seas, the Chinese that invented the compass, or the Arab that invented the kamal, people found ways to move from one place to another.

In America, the Dwight D. Eisenhower National System of Interstate and Defense Highways was built forming the National Highway System of the United States today. In 1992, they declared the project completed, but there are a lot more challenges and new projects to overcome. The whole route has a total of 47,856 miles, one-quarter of all vehicles use the interstate system and the cost of construction in 2006 was $425 billion.

CarTraffic-637406498.jpgNow let’s take into consideration the cost for traffic. It costs $124 billion a year. And the cost of traffic will increase to $186 billion in 2030. With the American population growing 3.3 million per year according to the Census Bureau’s decennial census, finding positive solutions to decrease traffic becomes a major challenge.

Some studies convey that the urban population by 2030 will be 60%. If right now we already face major traffic, imagine by 2030.

Other countries have implemented strategies to decrease traffic. For example, Cheonggyecheon Stream in Seoul had a 16-lane freeway. They removed the freeway which decreased traffic, increased public transportation, and brought environmental improvements to the city.

In America, a few cities are trying to improve their public transportation infrastructure, but there are still projects concentrated on developing more highways. For example, in Dallas, the Texas Department of Transportation mentioned a study to remove the bandwagon freeway, but they are already planning a $100 million renovation project of the freeway.

Written by Iris Arden (Ramon Inc.)

Sources:

https://www.forbes.com/sites/federicoguerrini/2014/10/14/traffic-congestion-costs-americans-124-billion-a-year-report-says/#75ddda04c107

https://www.politico.com/agenda/story/2015/07/robert-puentes-proposes-new-american-transportation-policy-000160