Dan England provided the following presentation at the Governor's Transportation Summit on November 5, 2013.

1. The Integral Relationship Between
Freight and the Economy
Dan England
Chairman, C.R. England

2. Distribution of Tonnage by Mode: 2012
Rail Intermodal, 1.2%
Air, 0.1%
Water,
6.4%
Pipeline,
10.3%
Rail Carload, 13.5%
Truck , 68.5%
Source: U.S. Freight Transportation Forecast to 2024

3. Growth in Tonnage
90%
Total Increase from 2012 to 2024
80%
Rail Intermodal
70%
60%
50%
Air
40%
30%
Trucking
20%
Waterborne Rail Carload
10%
Pipeline
0%
2012
Source: U.S. Freight Transportation Forecast to 2024
2024

4. Billions
$700
Revenue by Mode - 2012
$642.1
$600
$500
$400
$300
$200
$100
$0
$57.1
Truck
Rail Carload
$41.5
Pipeline
$12.2
$14.7
Waterborne
Rail
Intermodal
Source: U.S. Freight Transportation Forecast to 2024
$28.0
Air

5. Distribution of Revenue by Mode: 2012 vs 2024
Water Rail Intermodal
2.5% Air
1.4%
Water Rail Intermodal
1.5%
1.8% Air
3.5%
Pipeline
Pipeline
4.3%
Rail Carload
6.7%
5.2%
Rail Carload
7.2%
4.0%
Truck
81.1%
Truck
80.8%
2012
Source: U.S. Freight Transportation Forecast to 2024
2024

6. Highway Funding is Severely Inadequate
$70 billion annual investment from all sources
$133 billion needed to prevent problems from getting
worse
$756 billion shortfall by 2020, $3.25 trillion shortfall by
2040
Need to roughly double highway spending to begin
to reduce congestion, address pavement and
bridge deficiencies

7. Highway Trust Fund
Current and Short-Term Situation
Since 2008 Congress has transferred $41 billion from the
general fund to the HTF and an additional $12.6 billion is
authorized for 2014
In FY2015 HTF obligations will exceed revenue
2015 shortfall options
Cut funding from $51 billion to $0 (the no action scenario)
$14 billion from General Fund
Raise fuel taxes by 10 cents per gallon
Combination of those options

9. Thank You
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