• Home
  • About
  • Services
  • Contact

Leadership in Transportation

~ John L. Craig Consulting, LLC

Leadership in Transportation

Category Archives: Fuel Taxes

The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 9: A Brief History of Our Human Species and Mobility)

07 Sunday Mar 2021

Posted by John L. Craig in Asset & Life Cycle Management, Benefit-Cost or BC, Biological Diversity, Business Transformation, Climate, Collaboration, Economics, Electric Vehicles, Environment, Extinction of Species, Fuel Taxes, Funding, History, Homo sapiens, Infrastructure, Interstate, Maintenance, Mobility, Mobility Ecosystem, Multimodal, Return on Investment or ROI, Safety, Society, Technology, Transportation

≈ Leave a comment

Current events seem a good place to start before a walk through some history and mobility—where we’re at and how we got here.

We are a society of people, and with that comes “the good, the bad, and the ugly,” borrowing from the movie of that name, and mobility is a part of that mix. The United States, and other cultures as well, have come a long way, including the times when discrimination and oppression of anyone that was different and had not been a part of the dominant class—African-Americans, Hispanics, Asians, Native Americans, other colored peoples, women, other cultures and religions, and others—was rampant. But, we have a long way to go. In some form or fashion, this is reflected in what we are experiencing in the United States—division, tribalism, polarization, radicalism, cults, misinformation, disinformation, lies, conspiracy theories, inability to agree on facts, trust deficit, racial inequality, economic disparity, escalating, vindictive, caustic political dynamics, and even nihilism. These elements helped facilitate an attack on the United States Capitol, an act of domestic terrorism if not sedition (Bush, 2021). Moreover, voter suppression is reasserting itself at the state level and counterproductive to democracy. There is some speculation that this era of suppression may allow minority rule, similar to some fascist and autocratic regimes  (Derysh, 2021; Bagley, 2021; Albert, 2021; Smith, 2020; Chung and Hurley, 2021; Wolf, 2021). Where is this all headed and how will it end? How do we address or respond to this morass? Isabel Wilkerson (2020) makes a compelling case in her book, Caste: the Origins of Our Discontents, about how power—which groups who have it and which do not—has shaped America through a hidden caste system, a rigid hierarchy of human rankings, that has continued from our nation’s beginning to today. The situation our society has found itself in has been referred to as a “cold civil war.” With all of the issues we in the United States and around the world are facing, it can be a challenge to resolve them. Developing leaders and helping them succeed, trust, display mutual respect, create strong relationships, educate the public, and listen are critical to addressing these challenges and in a civil and collaborative way. One element that is emerging is discussion to develop consensus of what democratic social media and the Internet look like in order to guard against extremism, hate, and lies that can foment conspiracy theories, attacks on our democracy, and distract and make difficult the work toward more important issues and needs such as transportation and infrastructure while protecting the freedom of speech and Internet, in the United States and around the world. This is a fine line to walk but with progress, democracy will be improved. The United States Constitution preamble, after all, is: “We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.” The work to achieve that aspirational preamble will never end. The mobility space is a part of this mix, is impacted by these events, and has a role to play in advancing a more sustainable and healthy society, economy, and environment.

It is hard to imagine how we can meet and overcome our many challenges—social, economic, environmental—associated with growing populations (Figure 10) in cities and countries around the world, but transportation/mobility are part of the solution. In 1968, The Population Bomb (Ehrlich, 1968) predicted worldwide famine in the 1970s and 1980s, major societal upheavals, and other environmental degradation due to human population growth. While most of the predictions did not occur as predicted, the general premise is hard to ignore considering today’s climate change, environmental degradation, and other global events. Ehrlich’s predictions were not new. Thomas Robert Malthus (1766–1834), a British economist and mathematician, proposed that population growth would outstrip increases in food supplies in his day (Malthus, 1798). Others have predicted that a sixth mass extinction has already begun (Ceballos et al, 2017; Carrington, 2017). While events have not unfolded as Ehrlich, Malthus, and others predicted, environmental resilience and human ingenuity, although limited, have almost certainly delayed and modified the timing, scale, and specific details of their predictions. It is startling to contemplate these events, the fact that there is evidence to speculate on these outcomes is reason enough to act to change their potential impacts (Lovejoy, 2017). It is also rare that predictions of any kind take place as originally described.

FIGURE 10. Population growth over the last 10,000 years. (Source: Our World in Data, 2019)

Transportation and mobility have been around since the beginning of humans. In fact, the history of people and civilization could be told in terms of mobility. Therefore, it provides some context and perspective for where our species started and how we got to the present. Our species, after all, are travelers and explorers that seek to understand our world and ourselves.

The universe and our place in it is a complex one (Figure 11) (Flannery, 2012; Flannery, 2002; 2018, Christian, 2019; Harari, 2014).

Figure 11. A brief history of human evolution. (Source: http://esccalbe.blogspot.com/2013/05/prehistory-over-hundreds-of-millions-of.html)

Mobility allowed our species to move out of Africa and around the world in roughly 50,000 years (starting around 60,000-80,000 years ago and completing this global journey around 15,000 years ago). Early components included navigating on animal trails and along waterways (rivers, lakes, and oceans), increasingly large and sophisticated floating craft (boats, canoes, ships, and others), and using domesticated animals to increase transport (horses, alpacas, camels, and others) over larger and larger expanses. The invention of the wheel (and associated axle) appears to date back to about 5,000 years ago and was a milestone that has resulted in vehicles of increasing size and capability ever since. The Silk Road connecting Europe and Asia, and others, increasingly expanded trade and cultural exchange over vast areas of the globe.

History is marked by the longest and oldest trade route in the world—the Silk Road—an ancient overland trade route formed in the Western Han Dynasty from about 202 BC to 9 AD. This road or trade route spans 4,350 miles, connecting China, India, Persian Gulf, Japan and Europe. While this route has periodically declined in usage, it has existed for over 2,000 years. (History.com, 2019; Elizabeth, 2016; National Geographic Society, 2019).

Within the realm of recorded human history, mobility and its infrastructure is also marked by the Romans building a network of an estimated 200,000 miles of roads to connect their empire. That was in their DNA from the beginning, and is likely in ours today (Morales, 2021).

Fast forward to the United States. Our forefathers had a great interest in roads, particularly in a “National Road” to connect the emerging United States of America. What eventually became the National Road (also known as the Cumberland Road, Cumberland Pike, National Pike, and Western Pike) was created by an Act of Congress in 1806 and signed into law by President Thomas Jefferson. The Act was revolutionary and called for a road connecting the waters of the Atlantic with those of the Ohio River. Federal funding began in Cumberland, Maryland. The predecessors of the National Road included buffalo trails, Native American footpaths, Washington’s Road, and Braddock’s Road. The latter two were developed over part of the Nemacolin Trail, a Native American pathway, as part of the British campaign to evict the French from the forks of the Ohio River (Weiser-Alexander, 2019). Congress paid for the National Road, in part, by establishing a “2 percent fund” derived from the sale of public lands for the construction of roads through and to Ohio (National Road PA Org, n.d). Construction took longer than expected and the costs of maintenance were underestimated. As a result, tolls were eventually collected to pay for maintenance. To this day underestimating the cost of maintenance is true in many states and communities.

The United States developed the first National Park System in the world, signed into law by President Ulysses S. Grant in 1873, that began with Yellowstone National Park, treasures for all to enjoy. Prior to full control by the National Park Service in 1918, the U. S. Army Corps of Engineers was responsible for building roads, bridges, buildings and other appurtenances that provided access for the public to the Park while leaving nature as they found it (Williamson, 2016).

Early in the 20th Century, Gifford Pinchot, forester, conservationist, former Pennsylvania Governor, first Chief of the U. S. Forest Service, and close friend of Theodore Roosevelt, became known not only for advancing the protection of forests and public lands but economic development including road building for recreational public use access. (U.S. Department of the Interior, 2017; Encyclopaedia Britannica, n.d.).

In 1919, Oregon was the first to develop a reliable funding mechanism—the fuel tax—which has been the primary funding mechanism for roads and bridges. By 1929, all states had a fuel tax. It was not until 1956, that the federal government created a federal fuel tax—Federal Highway Trust Fund— to pay for construction (not maintenance) of the Dwight D. Eisenhower National System of Interstate and Defense Highways, commonly known as the Interstate Highway System. While much of the first half of the 20th Century was spent “getting out of the mud”, the 50 years subsequent to 1956 were spent building and maintaining the interstate highway system under the responsibility of state departments of transportation. In large part, the 21st Century ushered in an era of system preservation, due largely to inadequate funding, NIMBY (not in my backyard), and other competing issues (e.g. climate change, pandemic, social justice, equity, political polarization, etc.).

Using the United States as a yardstick, the first half of the 20th Century was marked by increasing motorized road, rail, air, and river and blue water conveyance. The second half of the 20th Century was marked by improvements in all areas of conveyance but largely by the creation of the Interstate Highway System. Simplistically, these can be referred to as the motorized conveyance era and Interstate era, respectively. The Interstate era also saw an increase in the emphasis on safety, an effort to decrease loss in lives and property driven partly by liability concerns and increasing value placed on human life. This is critical and continues to this day.

As great as development of the interstate highway system is, there is also a dirty secret. It destroyed many neighborhoods of color, the poor, and underserved through destruction of homes, businesses, displacement, congestion, pollution, noise, and racism. The shadows of these impacts linger to this day (McFarland, 2021).

Data for improving mobility is not new and is reflected in virtually every aspect of the mobility ecosystem. These include engine oil diagnostics which serve to extend engine life, data-based preventative maintenance checks and services and scheduled services for all types of vehicles, data-based structural and functional capacities of roads and bridges, data-based pavement management systems, data-based bridge management systems, data-based needs assessments and estimated costs for repair and replacement of infrastructure (roads, bridges, buildings, runways, etc.), data-based asset management for determining priorities of spending within and between modes, analytic tools such as life-cycle costs, return on investments, and many others. In fact, it would be difficult to identify an element of the mobility ecosystem that is not or cannot be managed by data—we are dependent on it. Of course, good data does not always exist. There are many examples of poor organization and project performance (over budget, over schedule, poor quality) that resulted from the lack of good data.

In 2007 the first iPhone was fielded, and this serves to mark the beginning of a new era, one driven largely by rapidly evolving digital technology but other elements as well, including demand for vast amounts of data and analysis. These elements include other technologies and increasing demand for collaboration. While 2007 was not the beginning, it is convenient to view it as an inflection point, especially for mobility. The United States is, and has been, a leader in mobility and that has been a significant force-multiplier in building our nation’s strong economy.

The result—the United States is the best connected country in the world with the most extensive transportation system in the world—over 4 million miles of public roads, over 600,000 bridges on public roads, over 5,000 public airports, over 90,000 miles of privately owned Class 1 freight rail, over 20,000 miles of AMTRAK passenger rail, over 10,000 miles of transit rail, nearly 7,000 public transit providers, over 25,000 miles of navigable river channels, and over 300 ports (Wagner, 2020; BridgeReports.com, 2019; Hughes-Cromwick, 2019; Mazareanu, 2020; Bureau or Transportation Statistics, n.d.; Maritime Administration, 2019). This does not even consider other privately owned roads, bridges, airports, and other means of conveyance such as pipelines, short-line rail roads, trails, etc.

While much of the rest of the world has lagged behind the United States in the mobility space, it is rapidly catching up. Two examples: China’s “One Belt, One Road” which will result in the largest road network in the world, paving the Silk Road connecting China and Europe (Belt and Road Initiative, n.d.), and India’s National Highways Development Project which will result in a road network of over 30,000 miles as an element of their industrial revolution (IBEF, 2021; Devonshire-Ellis, 2020). This does not even consider other countries such as Norway, where roughly half of all cars on the road are no longer powered by gas, incentivized by tax savings, toll road exemptions and other incentives to limit climate change (Welch, 2021).

Multimodal advances, including through technology and collaboration, are also increasingly providing three dimensional vice two dimensional thinking—land, water, air, and space. It’s about connecting people to people and to other assets and resources. As such, transportation and mobility professionals are deemed “essential workers.”

We are now in the 4th Industrial Revolution—digital technology—with velocity, scope, and systems impacts that are blurring the lines between physical, digital, and biological spheres. The speed of these break throughs has no historical precedence and is evolving at an exponential rather than a linear pace. (Schwab, 2016). The evolution of transportation and mobility has been quite a journey and that journey continues.

Citations

Albert, S. (2021, February 24). Based on Trump’s election ‘big lie’, GOP proposes 165 voter suppression bills in 33 states. Between the Lines. Retrieved March 7, 2021, from https://btlonline.org/based-on-trumps-election-big-lie-gop-proposes-165-voter-suppression-bills-in-33-states/

Bagley, P. (2021, March 1). Bagley cartoon: voter oppression. The Salt Lake Tribune. Retrieved March 7, 2021, from https://www.sltrib.com/opinion/bagley/2021/03/01/bagley-cartoon-voter/

Belt and Road Initiative. (n.d.). Belt and road initiative. BRI. Retrieved March 7, 2021, from https://www.beltroad-initiative.com/belt-and-road/

BridgeReports.com. (2019). National bridge inventory data. BridgeReports.com. Retrieved March 7, 2021, from https://bridgereports.com/

Bureau of Transportation Statistics. (n.d.). System mileage within the United States. United States Department of Transportation. Retrieved March 7, 2021, from https://www.bts.gov/content/system-mileage-within-united-states

Bush, D. (2021, January 7). How the attack on the U.S. Capitol unfolded. PBS News Hour. Retrieved March 7, 2021, from https://www.pbs.org/newshour/politics/how-the-attack-on-the-u-s-capitol-unfolded

Carrington, D. (2017, July 10). Researchers talk of ‘biological annihilation’ as study reveals billions of populations of animals have been lost in recent decades. The Guardian. Retrieved March 7, 2021, from https://www.theguardian.com/environment/2017/jul/10/earths-sixth-mass-extinction-event-already-underway-scientists-warn

Ceballos, G., P.R. Ehrlich, R. Dirzo. (2017, July 10). Biological annihilation via the ongoing sixth mass extinction signaled by vertebrate population losses and declines. PNAS. Retrieved March 7, 2021, from https://www.pnas.org/content/114/30/E6089

Christian, D. (2018). Origin story: a big history of everything. Little, Brown and Company.

Chung, A. and L. Hurley. (2021, March 2). U.S. Supreme Court signals more leeway for voting restrictions. Reuters. Retrieved March 7, 2021, from https://www.reuters.com/article/us-usa-court-ballots-idUSKCN2AU13M

Derysh, I. (2021, February 27). Republicans roll out “tidal wave of voter suppression”: 253 restrictive bills in 43 states. MSN. Retrieved March 7, 2021, from https://www.msn.com/en-us/news/politics/republicans-roll-out-tidal-wave-of-voter-suppression-253-restrictive-bills-in-43-states/ar-BB1e4akH?ocid=BingNews

Devonshire-Ellis, C. (2020, May 18). Belt & Road initiative: India. Silk Road Briefing. Retrieved March 7, 2021, from https://www.silkroadbriefing.com/news/2019/06/20/belt-road-initiative-india/

Ehrlich, P.R. (1968). The population bomb. Buccaneer Books.

Elizabeth. (2016, December 6). How long is the Silk Road in miles. PandaSilk. Retrieved March 7, 2021, from https://www.pandasilk.com/how-long-is-the-silk-road-in-miles/

Encyclopaedia Britannica. (n.d.). Gifford Pinchot American conservationist. Britannica. Retrieved March 7, 2021, from https://www.britannica.com/biography/Gifford-Pinchot

Esccalbe Blogspot. (2014, April 20). Science. Esccalbe Blogspot. Retrieved March 7, 2021, from http://esccalbe.blogspot.com/2013/05/prehistory-over-hundreds-of-millions-of.html

Flannery, T. (2002). The eternal frontier: an ecological history of North America and its peoples. Grove Press.

Flannery, T. (2012). Here on Earth: a natural history of the planet. Grove Press.

Harari, Y.N. (2014). A brief history of humankind. Signal Books.

History.com (2019, September 26). Silk Road. History.com. Retrieved March 7, 2021, from https://www.history.com/topics/ancient-middle-east/silk-road

Hughes-Cromwick, M. (2019). 2019 public transportation fact book. American Public Transportation Association. Retrieved March 7, 2021, from https://www.apta.com/wp-content/uploads/APTA_Fact-Book-2019_FINAL.pdf

IBEF. (2021, February 28). Road infrastructure in India. India Brand Equity Foundation. Retrieved March 7, 2021, from https://www.ibef.org/industry/roads-india.aspx

Lovejoy, T.E. (2017, July 26). Extinction tsunami can be avoided. PNAS. Retrieved March 7, 2021, from https://www.pnas.org/content/114/32/8440

Malthus, T.R. (1798). An Essay on the Principle of Population, 2 vols. E.P. Dutton & Co., New York.

Maritime Administration. (2019, July 23). Ports: the gateway to American waters. U.S. Department of Transportation. Retrieved March 7, 2021, from https://www.maritime.dot.gov/ports/strong-ports/ports

Mazareanu, E. (2020, June 26). How many airports are in the U.S.? Statista. Retrieved March 7, 2021, from https://www.statista.com/statistics/183496/number-of-airports-in-the-united-states-since-1990/

McFarland, M. (2021, February 27). Highways that destroyed Black neighborhoods are crumbling. Some want to undo the legacy. CNN Business. Retrieved March 7, 2021, from https://www.cnn.com/2021/02/27/cars/buttigieg-highway-removals/index.html

Morales, J.R. (2021, January 21). 200,000 miles of Roman roads provided the framework for empire. National Geographic Society. Retrieved March 7, 2021, from https://www.nationalgeographic.com/history/world-history-magazine/article/200000-miles-roman-roads-provided-framework-empire

National Geographic Society. (2019, July 26). The Silk Road. National Geographic Society. Retrieved March 7, 2021, from https://www.nationalgeographic.org/encyclopedia/silk-road/

National Road PA Org. (n.d.). Historic National Road: America’s road to revolution. National Road PA Org. Retrieved March 7, 2021, from http://nationalroadpa.org/timeline/

Our World in Data. (2019). World population since 10,000 bce. Our World in Data. Retrieved March 7, 2021, from https://ourworldindata.org/grapher/world-population-since-10000-bce-ourworldindata-series

Schwab, K. (2016, January 14). The Fourth Industrial Revolution: what it means, how to respond. World Economic Forum. Retrieved March 7, 2021, from https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

Smith, T. (2020, August 20). Timeline: voter suppression in the US from the Civil War to today. ABC News. Retrieved March 7, 2021, from https://abcnews.go.com/Politics/timeline-voter-suppression-us-civil-war-today/story?id=72248473

U.S. Department of the Interior Blog. (2017, August 9). Gifford Pinchot: a legacy of conservation. U.S. Department of the Interior. Retrieved March 7, 2021, from https://www.doi.gov/blog/gifford-pinchot-legacy-conservation

Wagner, I. (2020, May 18). U.S. highway mileage 1990-2018. Statista. Retrieved March 7, 2021, from https://www.statista.com/statistics/183397/united-states-highway-mileage-since-1990/

Weiser-Alexander, K. (2018, December). Nemacolin’s Trail in Pennsylvania & Maryland. Legends of America. Retrieved March 7, 2021, from https://www.legendsofamerica.com/nemacolin-trail/

Welch, C. (2021, January 22). Has the electric car’s moment arrived at last? National Geographic Society. Retrieved March 7, 2021, from https://www.nationalgeographic.com/environment/article/has-electric-car-moment-arrived-at-last

Wilkerson, I. (2020). Caste: the origins of our discontents. Random House.

Williamson, E.L. (2016, September 15). 100-year-old National Park Service’s roots go deeper with U.S. Army. U.S. Army Corps of Engineers. Retrieved March 7, 2021, from https://www.nad.usace.army.mil/Media/News-Stories/Article/947994/100-year-old-national-park-services-roots-go-deeper-with-us-army/

Wolf, Z.B. (2021, March 2). Two maps show why both sides are trying to change rules ASAP. CNN Politics. Retrieved March 7, 2021, from https://www.cnn.com/2021/03/02/politics/what-matters-march-2/index.html

The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 6: Funding)

14 Sunday Feb 2021

Posted by John L. Craig in COVID-19, Environment, Fuel Taxes, Funding, Funding Gaps, Future, Infrastructure, Investing, Needs Assessments, Pandemic, Rural, Society, Sustainability, Transportation, Urban, Vehicle Miles Traveled Tax (VMT)

≈ Leave a comment

While there is never enough money to address the needs, there is not a transportation agency in the Nation that is not struggling with the lack of funding, largely due to the Pandemic 2020-present whether it’s fuel taxes, general funds, bonds, public-private-partnerships, wheel taxes, vehicle registrations, or other funding sources (American Society of Civil Engineers, 2020; Stofan, 2021; NPR, 2020; Jimenez, 2020). Still, are we talking about infrastructure the right way? That is, are we talking to and the about the people that use it (Milberg, 2021)?

In 2019 the U. S. federal government spent $96 billion on building and updating infrastructure, $67 billion was transferred to states. In 2017, the most recent data available, state and local infrastructure spending totaled $162 billion excluding these federal transfers. At the same time there has been a shift toward increased spending on operations and maintenance and away from spending on new capital projects. Some estimates are that roughly 2/3 of dollars go to keep infrastructure functioning (i.e. maintenance, repair, replacement, or system preservation) while roughly 1/3 of dollars go to upgrades (i.e. new capital projects). While this allocation can be disputed depending on the audience and perspective, keeping infrastructure functioning (system preservation) is the highest and best use of dollars and most economical in serving the public good. How dollars are best allocated for system preservation and new capital projects needs to be continually assessed, typically on an annual basis in conjunction with needs assessments and specific criteria. The current (2017) American Society of Civil Engineers, or ASCE, Report Card identifies an estimated $2 trillion gap in the $4.6 trillion needs required to achieve a state of good repair over the next 10 years (American Society of Civil Engineers, 2017). For surface transportation alone the gap is estimated to be $1.1 trillion gap in the over $2 trillion needs over the next 10 years. Perhaps more sobering, the world is facing a $15 trillion infrastructure gap by 2040 (George, et al, 2019).

Since the creation in 1919 by the State of Oregon, the fuel tax has been the primary federal and state funding mechanism  for transportation/mobility infrastructure for over 100 years. The past two decades have seen a decline in those fuel tax revenues as a result of little or no increase in many fuel taxes, improving fuel efficiency, alternatives fuels, and now a pandemic. To close those gaps, general funds, wheel taxes, vehicle registrations, bonds, and other sources have been used. Still the gaps exist.

A question: should the US align with the UN’s “people first” model for public-private infrastructure projects? The model evaluates projects on five criteria (United Nations Economic Commission for Europe, 2016):

  • Increasing access and promoting equity
  • Improving environmental sustainability
  • Improving project economic effectiveness
  • Ensuring replicability
  • Engaging all stakeholders

While there is important movement in this direction, it probably comes down to whether the needs of all stakeholders can be reconciled—consultants, builders, financiers, politicians, businesses, the public and others—that oversee infrastructure development and come to consensus on what they are doing. These can be powerful interests and getting people to work together, much less collaborate and come to consensus, will continue to be a challenging task to scale up the funding to meet growing needs.

So, what is the likely funding source for the future? That is unknown. A few years ago many believed that a Vehicle Miles Traveled (VMT) tax being tested over the past two decades in Oregon and other states would prevail and might yet. However, emerging technologies, declining personal car ownership, electric vehicles, alternatives fuels, remote work, changing business models, sustainability, climate change, access, equity and social justice, and future physical infrastructure needs may warrant new funding sources. Regardless, it is clear a new, reliable, and sustainable transportation/mobility funding model is needed that balances urban, rural, and multimodal needs and with an eye to the future. This includes a review of criteria for allocating funds, taking into account the needs of urban and rural communities, connecting roads and modes, and the capabilities of smaller communities who do not have the staffs to accommodate the substantial federal processes. The federal government must partner with states, communities, and other partners and entities to make funding and its allocation as effective and efficient as possible. While traffic is much higher with more costly infrastructure needs in urban areas, there are also critical needs in rural areas although there is less traffic (NAFB, 2021).

The funding space is also changing. Black Rock Chairman and Chief Executive Officer, Larry Fink, in his 2020 letter to CEOs has stated “In the near future—and sooner than most anticipate—there will be a significant reallocation of capital” (Fink, 2020). This is driven by their investors demand for investments that are sustainable and that will limit climate change. Black Rock is the world’s largest asset manager with $17 trillion under management, has said its clients are looking to double their environmental, societal, and governance (ESG) investments in the next five years. Institutional investors have said they will stop investing in companies that are not sustainable (CISION PR Newswire, 2021; Losavio and Tsai, 2021). This has implications for transportation, infrastructure, and mobility. To that extent it is not a surprise that stocks such as Tesla experienced dramatic growth in 2020 as investors look for positive and sustainable environmental, societal, governance, and economic outcomes.

Citations

American Society of Civil Engineers, ASCE. (2017). ASCE. Retrieved February 14, 2021, from https://infrastructurereportcard.org/wp-content/uploads/2016/10/2017-Infrastructure-Report-Card.pdf

American Society of Civil Engineers, ASCE. (2020). Status Report: Covid-19’s impacts on America’s infrastructure. ASCE. Retrieved February 14, 2021, from https://www.infrastructurereportcard.org/wp-content/uploads/2020/06/COVID-19-Infrastructure-Status-Report.pdf

CISION PR Newswire. (2021, January 7). The $120 trillion investment trend transforming Wall Street. CISION. Retrieved February 14, 2021, from https://www.prnewswire.com/news-releases/the-120-trillion-investment-trend-transforming-wall-street-301202526.html

Fink, L. (2020). Larry Fink’s 2020 letter to CEOs: A fundamental reshaping of finance. BlackRock. Retrieved February 14, 2020, from https://www.blackrock.com/us/individual/larry-fink-ceo-letter

George, A., R. Kaldany, J. Losavio. (2019, April 11). The world is facing a $15 trillion infrastructure gap by 2040. Here’s how to bridge it. World Economic Forum. Retrieved February 14, 2021, from https://www.weforum.org/agenda/2019/04/infrastructure-gap-heres-how-to-solve-it/

Jimenez, F. (2020, September 17). Impact of COVID-19 on state transportation revenues. LAO-Legislative Analyst’s Office. Retrieved February 14, 2021, from https://lao.ca.gov/Publications/Report/4268

Losavio, J. and O. Tsai. (2021, January 18). 4 big infrastructure trends to build a sustainable world. World Economic Forum. Retrieved February 14, 2021, from https://www.weforum.org/agenda/2021/01/four-big-infrastructure-trends-for-2021/

Milberg, E. (2021, January 8). Are we talking about infrastructure the right way? SmartBrief. Retrieved February 14, 2021, from https://www.smartbrief.com/original/2021/01/are-we-talking-about-infrastructure-right-way

NAFB. (2021, January 30). Rural coalition sends letter to Biden on infrastructure. KTIC. Retrieved February 14, 2021, from https://kticradio.com/agricultural/rural-coalition-sends-letter-to-biden-on-infrastructure/

NPR. (2020, August 3). States are broke and many are eyeing massive cuts. Here’s how yours is doing. NPR KIOS. Retrieved February 14, 2021, from https://www.npr.org/2020/08/03/893190275/states-are-broke-and-many-are-eyeing-massive-cuts-heres-how-yours-is-doing

Stofan, J. (2021, February 9). Bumpy road ahead for Florida transportation projects. News4Jax. Retrieved February 14, 2021, from https://www.news4jax.com/news/florida/2021/02/09/bumpy-road-ahead-for-florida-transportation-projects/

United Nations Economic Commission for Europe-UNECE. (2016, July). Promoting people first public-private partnerships (PPPs) for the UN SDGs. Inter-Agency Task Force on Financing for Development. Retrieved February 14, 2021, from https://www.un.org/esa/ffd/wp-content/uploads/2016/01/Promoting-People-first-Public-Private-Partnerships-PPPs-for-the-UN-SDGs_UNECE_IATF-Issue-Brief.pdf

Recent Posts

  • Program and Project Management: Three Questions
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 13: Reimagining the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 12: A Look into the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 11: Leadership and Education)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 10: Social, Economic, and Environmental Issues)

Recent Comments

jseprogrammanagement on Program and Project Management…

Archives

  • October 2022
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • May 2019
  • April 2019
  • December 2018
  • October 2017
  • September 2016
  • March 2016
  • February 2016
  • January 2016
  • September 2015

Categories

  • 3D Printers
  • 5.9 GHz
  • 5G
  • Alternative Delivery
  • Artificial Intelligence (AI)
  • Asset & Life Cycle Management
  • Augmented Reality (AR)
  • Autonomous Vehicles
  • Batteries
  • Benefit-Cost or BC
  • Biological Diversity
  • Biomimicry
  • Black Swans
  • Business Transformation
  • Clean Energy
  • Climate
  • Cloud Services
  • Collaboration
  • Communications
  • Connected and Autonomous Vehicles (CAV)
  • Construction
  • COVID-19
  • Cyber-security
  • Design
  • Drones
  • Dynamic Transportation Management
  • Economics
  • Economy
  • Education
  • Electric Vehicles
  • Environment
  • Extinction of Species
  • Fuel Taxes
  • Funding
  • Funding Gaps
  • Future
  • Gas-Fueled Vehicles
  • Global Positioning Systems (GPS)
  • Government & Policy
  • History
  • Homo sapiens
  • Infrastructure
  • Intelligent Infrastructure
  • Intelligent Transportation Systems or ITS
  • Internet of Things or IoT
  • Interstate
  • Investing
  • Leadership
  • Learning and Success
  • Lidar
  • Machine Control
  • Maintenance
  • Management
  • Materials
  • Mobility
  • Mobility as a Service
  • Mobility Ecosystem
  • Multimodal
  • Multimodal Needs Assessment
  • Needs Assessments
  • Oil
  • Operations
  • Owner
  • Pandemic
  • Partnerships and Collaboration
  • Pedestrians
  • Performance Measurement and Management
  • Planning
  • Program Management
  • Program or Project Controls
  • Project Management
  • Recycling
  • Relationships
  • Resilience
  • Results
  • Return on Investment or ROI
  • Ride Sharing
  • Risks
  • Robotics
  • Rural
  • Safety
  • Scope, Schedule, Budget
  • Smart Cities
  • Social Justice and Equity
  • Society
  • Solar
  • Strategic Planning
  • Sustainability
  • Team-Building
  • Technology
  • Transportation
  • Trust
  • Urban
  • Utilities
  • Vehicle Miles Traveled Tax (VMT)
  • Vehicle-to-Everything (V2X)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Vehicle (V2V)
  • Virtual Reality (VR)

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Recent Posts

  • Program and Project Management: Three Questions
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 13: Reimagining the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 12: A Look into the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 11: Leadership and Education)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 10: Social, Economic, and Environmental Issues)

Recent Comments

jseprogrammanagement on Program and Project Management…

Archives

  • October 2022
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • May 2019
  • April 2019
  • December 2018
  • October 2017
  • September 2016
  • March 2016
  • February 2016
  • January 2016
  • September 2015

Categories

  • 3D Printers
  • 5.9 GHz
  • 5G
  • Alternative Delivery
  • Artificial Intelligence (AI)
  • Asset & Life Cycle Management
  • Augmented Reality (AR)
  • Autonomous Vehicles
  • Batteries
  • Benefit-Cost or BC
  • Biological Diversity
  • Biomimicry
  • Black Swans
  • Business Transformation
  • Clean Energy
  • Climate
  • Cloud Services
  • Collaboration
  • Communications
  • Connected and Autonomous Vehicles (CAV)
  • Construction
  • COVID-19
  • Cyber-security
  • Design
  • Drones
  • Dynamic Transportation Management
  • Economics
  • Economy
  • Education
  • Electric Vehicles
  • Environment
  • Extinction of Species
  • Fuel Taxes
  • Funding
  • Funding Gaps
  • Future
  • Gas-Fueled Vehicles
  • Global Positioning Systems (GPS)
  • Government & Policy
  • History
  • Homo sapiens
  • Infrastructure
  • Intelligent Infrastructure
  • Intelligent Transportation Systems or ITS
  • Internet of Things or IoT
  • Interstate
  • Investing
  • Leadership
  • Learning and Success
  • Lidar
  • Machine Control
  • Maintenance
  • Management
  • Materials
  • Mobility
  • Mobility as a Service
  • Mobility Ecosystem
  • Multimodal
  • Multimodal Needs Assessment
  • Needs Assessments
  • Oil
  • Operations
  • Owner
  • Pandemic
  • Partnerships and Collaboration
  • Pedestrians
  • Performance Measurement and Management
  • Planning
  • Program Management
  • Program or Project Controls
  • Project Management
  • Recycling
  • Relationships
  • Resilience
  • Results
  • Return on Investment or ROI
  • Ride Sharing
  • Risks
  • Robotics
  • Rural
  • Safety
  • Scope, Schedule, Budget
  • Smart Cities
  • Social Justice and Equity
  • Society
  • Solar
  • Strategic Planning
  • Sustainability
  • Team-Building
  • Technology
  • Transportation
  • Trust
  • Urban
  • Utilities
  • Vehicle Miles Traveled Tax (VMT)
  • Vehicle-to-Everything (V2X)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Vehicle (V2V)
  • Virtual Reality (VR)

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Recent Posts

  • Program and Project Management: Three Questions
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 13: Reimagining the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 12: A Look into the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 11: Leadership and Education)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 10: Social, Economic, and Environmental Issues)

Recent Comments

jseprogrammanagement on Program and Project Management…

Archives

  • October 2022
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • May 2019
  • April 2019
  • December 2018
  • October 2017
  • September 2016
  • March 2016
  • February 2016
  • January 2016
  • September 2015

Categories

  • 3D Printers
  • 5.9 GHz
  • 5G
  • Alternative Delivery
  • Artificial Intelligence (AI)
  • Asset & Life Cycle Management
  • Augmented Reality (AR)
  • Autonomous Vehicles
  • Batteries
  • Benefit-Cost or BC
  • Biological Diversity
  • Biomimicry
  • Black Swans
  • Business Transformation
  • Clean Energy
  • Climate
  • Cloud Services
  • Collaboration
  • Communications
  • Connected and Autonomous Vehicles (CAV)
  • Construction
  • COVID-19
  • Cyber-security
  • Design
  • Drones
  • Dynamic Transportation Management
  • Economics
  • Economy
  • Education
  • Electric Vehicles
  • Environment
  • Extinction of Species
  • Fuel Taxes
  • Funding
  • Funding Gaps
  • Future
  • Gas-Fueled Vehicles
  • Global Positioning Systems (GPS)
  • Government & Policy
  • History
  • Homo sapiens
  • Infrastructure
  • Intelligent Infrastructure
  • Intelligent Transportation Systems or ITS
  • Internet of Things or IoT
  • Interstate
  • Investing
  • Leadership
  • Learning and Success
  • Lidar
  • Machine Control
  • Maintenance
  • Management
  • Materials
  • Mobility
  • Mobility as a Service
  • Mobility Ecosystem
  • Multimodal
  • Multimodal Needs Assessment
  • Needs Assessments
  • Oil
  • Operations
  • Owner
  • Pandemic
  • Partnerships and Collaboration
  • Pedestrians
  • Performance Measurement and Management
  • Planning
  • Program Management
  • Program or Project Controls
  • Project Management
  • Recycling
  • Relationships
  • Resilience
  • Results
  • Return on Investment or ROI
  • Ride Sharing
  • Risks
  • Robotics
  • Rural
  • Safety
  • Scope, Schedule, Budget
  • Smart Cities
  • Social Justice and Equity
  • Society
  • Solar
  • Strategic Planning
  • Sustainability
  • Team-Building
  • Technology
  • Transportation
  • Trust
  • Urban
  • Utilities
  • Vehicle Miles Traveled Tax (VMT)
  • Vehicle-to-Everything (V2X)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Vehicle (V2V)
  • Virtual Reality (VR)

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Recent Posts

  • Program and Project Management: Three Questions
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 13: Reimagining the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 12: A Look into the Future)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 11: Leadership and Education)
  • The Mobility Ecosystem: the changing landscape and the need for fresh, new ideas (Part 10: Social, Economic, and Environmental Issues)

Recent Comments

jseprogrammanagement on Program and Project Management…

Archives

  • October 2022
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • May 2019
  • April 2019
  • December 2018
  • October 2017
  • September 2016
  • March 2016
  • February 2016
  • January 2016
  • September 2015

Categories

  • 3D Printers
  • 5.9 GHz
  • 5G
  • Alternative Delivery
  • Artificial Intelligence (AI)
  • Asset & Life Cycle Management
  • Augmented Reality (AR)
  • Autonomous Vehicles
  • Batteries
  • Benefit-Cost or BC
  • Biological Diversity
  • Biomimicry
  • Black Swans
  • Business Transformation
  • Clean Energy
  • Climate
  • Cloud Services
  • Collaboration
  • Communications
  • Connected and Autonomous Vehicles (CAV)
  • Construction
  • COVID-19
  • Cyber-security
  • Design
  • Drones
  • Dynamic Transportation Management
  • Economics
  • Economy
  • Education
  • Electric Vehicles
  • Environment
  • Extinction of Species
  • Fuel Taxes
  • Funding
  • Funding Gaps
  • Future
  • Gas-Fueled Vehicles
  • Global Positioning Systems (GPS)
  • Government & Policy
  • History
  • Homo sapiens
  • Infrastructure
  • Intelligent Infrastructure
  • Intelligent Transportation Systems or ITS
  • Internet of Things or IoT
  • Interstate
  • Investing
  • Leadership
  • Learning and Success
  • Lidar
  • Machine Control
  • Maintenance
  • Management
  • Materials
  • Mobility
  • Mobility as a Service
  • Mobility Ecosystem
  • Multimodal
  • Multimodal Needs Assessment
  • Needs Assessments
  • Oil
  • Operations
  • Owner
  • Pandemic
  • Partnerships and Collaboration
  • Pedestrians
  • Performance Measurement and Management
  • Planning
  • Program Management
  • Program or Project Controls
  • Project Management
  • Recycling
  • Relationships
  • Resilience
  • Results
  • Return on Investment or ROI
  • Ride Sharing
  • Risks
  • Robotics
  • Rural
  • Safety
  • Scope, Schedule, Budget
  • Smart Cities
  • Social Justice and Equity
  • Society
  • Solar
  • Strategic Planning
  • Sustainability
  • Team-Building
  • Technology
  • Transportation
  • Trust
  • Urban
  • Utilities
  • Vehicle Miles Traveled Tax (VMT)
  • Vehicle-to-Everything (V2X)
  • Vehicle-to-Infrastructure (V2I)
  • Vehicle-to-Vehicle (V2V)
  • Virtual Reality (VR)

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Blog at WordPress.com.

  • Follow Following
    • Leadership in Transportation
    • Already have a WordPress.com account? Log in now.
    • Leadership in Transportation
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...