TEXAS FREIGHT MOBILITY PLAN: INTEGRATING ECONOMIC ANALYSIS I-TED Conference April 9-11, 2014
Table of Contents 1 2 3 Overview Texas Freight Mobility Plan (TFMP) Importance of Integrating Economic Analysis Economic Analysis in the TFMP 3.a Evaluate Freight Movements 3.b Quantify Economic Impacts Associated with Freight 3.c 4 Identify Freight Dependent Jobs by Highway Links Summary 2
1 Overview of Texas Freight Mobility Plan (TFMP) First Comprehensive and Multimodal Statewide TFMP Planning Outline and guide: Current and long-term freight planning Guide investments and other policies Facilities Identify freight facilities critical to: State s economy International trade (imports/exports via ports and border-crossings) Development Enhance economic growth and competitiveness 3
2 Importance of Integrating Economic Analysis Understand economic impacts of public investments Growing emphasis on accommodating economic development Critical component of planning and project prioritization Critical at every stage broad strategy Project specific MAP-21 emphasis on economic growth and impacts Strengthen the contribution of the national freight network to economic competitiveness 4
Importance of Integrating Economic Analysis Economic analysis critical to TxDOT s objectives: Develop prioritization tools Demonstrate project benefits and impacts Ensure plans/projects support transport needs and development Demonstrate the positive economic effects of transportation: Improved travel times Improved reliability Improved travel cost Improved market access 5
3 Economic Analysis in the TFMP a. Evaluate freight movements Commodity trade is a cornerstone of the TX economy Evaluate various dimensions b. Quantify economic impacts Associated with transport service and industry users IMPLAN I/O model used to quantify impacts c. Identify freight dependent jobs by highway links Use job impacts ratios by commodity type and direction 6
3.a Freight Movements Commodity Detail Analyze at detailed STCC-4 digit level (for economics) Presented at consolidated STCC-2 digit level Commodity Metrics Tons, Units, and Value By Mode, Direction, and Year Major Findings Petroleum and Chemical products dominate Truck and Water movements Secondary Goods dominate Rail 7
TX Tonnage by Mode and Direction, as % of Total Truck-Intrastate movements dominate tonnage (44.6%) 8
TX Value by Mode and Direction, as % of Total Value (% of Total) However, value is much more dispersed 9
Freight Value by Modal Commodity 10
3.b Economic Impacts of Freight in Texas Activities Types Measures Transport Service Freight Users Direct Total (Multiplier) Jobs (employment), Income Value-added Output, Taxes 11
Freight Total Employment Impacts As percent of State Total 43.7% 35.6% 10.5% 0.4% 1.0% 5.1% 12
3.c Prioritization Consideration Factors Strategies, projects, policy changes Project Packaging District, Corridor, Mode, Investment Strategy? Key metrics Freight Movements, Economics, Safety, etc. Economics Perspective Map Job impacts per 1,000 tons across freight network Using data from both the TRANSEARCH and IMPLAN analyses Varies by direction Compare with job-impacts by link to tons and value moved 13
Prioritize Freight Network Investments 14
Freight Ton Density 15
Freight Job-Impact Density Preliminary Findings 16
Summary Integrating economic analysis throughout the freight transportation planning decision making process: Ensures that plans and projects meet transportation needs and supports economic development Promotes understanding freight movement and making informed decisions is key Facilitates understanding economic dependence on freight helps promote and prioritize projects Represents A big step forward in transportation planning 17
Caroline Mays, AICP Manager, Freight Planning Program Texas Department of Transportation (O) 512-486-5059 (C) 512-658-2436 Caroline.mays@txdot.gov www.movetexasfreight.com