RELATIVE ROLE OF HIGHWAY TRANSPORT IN THE U.S. ECONOMY

TO MEASURE HIGHWAY TRANSPORTS ROLE IN THE U.S. ECONOMY, ANNUAL OUTLAYS FOR HIGHWAY TRANSPORTATION OF ALL KINDS WERE COMPARED WITH TOTAL ANNUAL OUTLAYS FOR THE NATIONAL ECONOMY. /GNP/ THE COMPARISON WAS CONSIDERED VALID SINCE TRANSPORTATION OUTLAYS ARE END PRODUCTS /SERVICES/ ONCE USED AND ARE CUMULATIVELY REFLECTED IN RETAIL PRICES OF GOODS INCLUDED IN GNP. BASED ON THIS, TOTAL TRANSPORTATION OUTLAYS OF ALL KINDS AMOUNTED TO $125 BILLION IN 1964 OR NEARLY 20% OF THE GNP OF $632 BILLION. HIGHWAY PASSENGER TRANSPORTATIONS SHARE WAS ESTIMATED BY TABULATING AUTO, LOCAL BUS, AND TAXI OUTLAYS INCLUDED IN GNP AS PERSONAL CONSUMPTION EXPENDITURES. THESE FIGURES WERE BLOWN UP TO REFLECT BUSINESS USE OF SUCH TRANSPORTATION. AFTER ADDING REPORTED ICC-REGULATED INTERCITY BUS REVENUES, HIGHWAY PASSENGER TRANSPORTATION EXPENDITURES CAME TO $64 BILLION OR 10.1% OF GNP. HIGHWAY FREIGHTS SHARE WAS CALCULATED, IN PART , FROM REVENUES REPORTED BY ICC-REGULATED CARRIERS. TO THIS, OUTLAYS FOR UNREGULATED INTERCITY TRUCK TRANSPORT WERE ADDED. THESE WERE FIGURED BY MULTIPLYING ESTIMATED COST PER TON-MILE /USING $0.01 PER TON-MILE LESS THAN THE AVERAGE REVENUE PER TON-MILE FOR REGULATED CARRIERS/ AND TON-MILES REPORTED BY THE ICC. ESTIMATED LOCAL TRUCK OUTLAYS DETERMINED BY USE OF BUREAU OF PUBLIC ROADS URBAN TRUCK VEHICLE-MILE FIGURES AND GENERAL SERVICES ADMINISTRATION TRUCK VEHICLE-MILE COST FIGURES, WERE INCLUDED AFTER APPLYING WEIGHT FACTORS TO REFLECT DIFFERENT TRUCK SIZES. HIGHWAY FREIGHTS SHARE TOTALED $39 BILLION OR 6.2% OF GNP. TOTAL HIGHWAY TRANSPORTATION OUTLAYS WERE $103 BILLION OR 16.3% OF 1964 GNP. THEY REPRESENTED 82% OF TOTAL TRANSPORTATION OUTLAYS.

Media Info

  • Media Type: Print
  • Features: Figures; Tables;
  • Pagination: pp 27-32
  • Monograph Title: Freight transportation economics
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00201321
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 5 1994 12:00AM