04.22.2008
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| US economy pained by poor transportation
US economy pained by poor transportation 4/22/08 Quote:
WASHINGTON -- The U.S. transportation system is failing to keep pace with the demands of a 21st-century economy, and a piecemeal approach to improving infrastructure no longer works, concluded a study by the Americans for Transportation Mobility Coalition and the U.S.
Chamber of Commerce. "If the United States declines to invest in transportation infrastructure and ignores the transportation needs of key industry sectors, our economy will become less productive and less competitive," warned ATM Executive Director Janet F. Kavinoky. "Without an adequate transportation system, the nation's economic growth is at risk." Meanwhile, global competitors like China have rapidly increased investment in transportation infrastructure. "The margin of the U.S.
competitive advantage is shrinking," noted the study, titled "The Transportation Challenge: Moving the U.S. Economy."
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