Quantifying the Value of Multimodal Freight Investments

This research attempts to identify best practices available to practitioners for evaluating and comparing benefits derived from freight investments across modal projects. The study looks at various available frameworks for evaluating the economic impact and viability of projects, various tools and products that automate the analysis, and data sources and tools that supplement the analysis by providing inputs, estimates, and multipliers needed. This report presents: (1) a brief description of the two most common analysis formats: benefit-cost analysis and economic impact analysis, highlighting the differences between the two in focus and approach; (2) a discussion on the various components of such an analysis process, specifically highlighting various benefit/impact categories that should be considered when evaluating the merits of a project; (3) the standard processes and methodologies for evaluating these benefits and impacts along with potential data sources; (4) a survey of the evaluation practices followed by the Mid America Association of State Transportation Officials (MAASTO) states; (5) three case studies evaluating impacts from three transportation modes and a discussion on the comparison between the analyses; and (6) a summary of findings along with discussion on applicability of the analysis techniques and comparing analysis across modes.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Appendices; Figures; References; Tables;
  • Pagination: 49p

Subject/Index Terms

Filing Info

  • Accession Number: 01717173
  • Record Type: Publication
  • Report/Paper Numbers: MAFC 22
  • Contract Numbers: TPF-5(293) PO# 39500 – 00000011139
  • Files: NTL, TRIS, ATRI, USDOT, STATEDOT
  • Created Date: Aug 26 2019 8:28AM