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Economic & Environmental Impact of Traffic Congestion in Europe & the US

October 22, 2014 Comments off

Economic & Environmental Impact of Traffic Congestion in Europe & the US
Source: Inrix

With people in Europe and the US currently wasting on average 111 hours annually in gridlock, the impact of traffic congestion on individual driver’s time is well understood. However, new research shows traffic congestion actually does much more than test our patience. It’s a significant drain on our wallets as well our economies.

A new report by INRIX in collaboration with one of the world’s leading economic think tanks, the Centre for Economics and Business Research (CEBR), quantifies the cost of traffic congestion on individual households and national economies in the U.S., U.K., France and Germany. This is the first study of its kind to forecast the projected increases in these costs in these countries and their most congested cities between 2013 and 2030. Driven by urbanization and increased GDP per capita over the next 17 years, a few of the key findings include:

  • The combined annual cost of gridlock to these countries is expected to soar to $293.1 billion by 2030, almost a 50% increase from 2013.
  • Over this period, the cumulative cost of congestion for these economies combined is estimated to be a staggering $4.4 trillion.
  • The overall economic impact is greatest in the U.S. where the estimated cumulative cost of traffic congestion by 2030 is $2.8 trillion – the same amount Americans collectively paid in U.S. taxes last year.
  • However the UK (at 66%) and London (at 71%) will see the greatest annual rise in the cost of congestion by 2030, mainly as a result of seeing the highest increase in urbanization
  • At the individual level, traffic congestion cost drivers $1,740 last year on average across the four countries. If unchecked, this number is expected to grow more than 60% to $2,902 annually by 2030.

Free registration required to download report.

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Inrix 2012-2013 Traffic Scorecard

March 4, 2014 Comments off

Inrix 2012-2013 Traffic Scorecard
Source: Inrix
From press release:

INRIX, a leading international provider of traffic information and driver services, today released its seventh Annual Traffic Scorecard Report, which revealed that traffic congestion increased in 2013 in the U.S. after two consecutive years of declines. While U.S. GDP grew at a rate of 1.9 percent, traffic congestion increased approximately 6 percent compared to 2012. If economic growth continues in 2014 as economists suggest, drivers can expect more delays and longer commute times on America’s roads this year.

In Europe, traffic congestion rose in 2013 for the first time in two years up approximately 6 percent in the last three quarters of the year. After suffering from a lack of economic growth and employment through the “Great Recession,” economic sentiment and hiring steadily improved in 2013 with the data indicating traffic congestion is once again on the rise as a result.

INRIX Traffic Scorecard Reports U.S. Congestion on the Rise in 2013 Following Two Years of Double-Digit Declines

May 7, 2013 Comments off

INRIX Traffic Scorecard Reports U.S. Congestion on the Rise in 2013 Following Two Years of Double-Digit Declines

Source: INRIX

INRIX, a leading international provider of traffic information and driver services, today released its sixth Traffic Scorecard Annual Report, which revealed that traffic congestion is back on the rise in 2013 after two consecutive years of declines. In the first three months of this year, traffic congestion is up 4 percent compared to 2012. This suggests that after a tumultuous economic year in 2012, the economy is back on the mend bringing increased traffic congestion.

The uptick in traffic congestion in 2013 follows a 22 percent decrease in 2012. The “stop n go” nature of the results indicate an overall economic climate that has not yet returned to pre-recession levels in many areas, including total jobs and unemployment rates.

INRIX Traffic Scorecard

Traffic Congestion Plummets Worldwide: INRIX Traffic Scorecard Reports 30 Percent Drop in Traffic Across the U.S.

May 23, 2012 Comments off

Traffic Congestion Plummets Worldwide: INRIX Traffic Scorecard Reports 30 Percent Drop in Traffic Across the U.S.
Source: INRIX
INRIX®, a leading international provider of traffic information and intelligent driver services, today released its fifth Annual INRIX Traffic Scorecard revealing a startling 30 percent drop in traffic congestion in 2011.

In the first worldwide report to analyze traffic congestion, 70 of America’s Top 100 Most Populated Cities showed decreases in traffic congestion last year. These results are indicative of a “Stop-’N’-Go Economy” where lack of employment combined with high fuel prices is keeping Americans off the roads.

The drop in U.S. traffic congestion in 2011 follows two years of modest increases in 2009 (1%) and 2010 (10%). The last time America experienced a similar decline was 2008, when traffic congestion plummeted 34 percent. When analyzed in correlation with 2011 statistics from the FHWA, U.S. Departments of Energy and Bureau of Labor Statistics, the Scorecard provides as much insight into traffic as it does the economy:

  • Cities showing the biggest drops in traffic congestion also were cities where gas prices exceeded the national average at its April 2011 peak ($3.96), including L.A. ($4.25), San Francisco ($4.25) and Honolulu ($4.48).
  • Cities outpacing national employment growth (1.2%), like Tampa (3.0%), Houston (3.2%) and Austin (2.1%), showed some of the biggest increases in traffic congestion.
  • Cities with moderate employment gains and fuel prices at or below the national average ($3.52) including Atlanta ($3.32, 1.2%) and Miami ($3.52, 1.2%) also showed the biggest increases in traffic.

Last year, only 890,000 of the 2.6 million new jobs were in our nation’s largest urban centers. These regions are down 6 million of the 9 million jobs lost during the Great Recession. Lack of employment combined with high fuel prices is clearly driving the decline in traffic.

+ Interactive Traffic Scorecard

INRIX National Traffic Scorecard 2010 Annual Report

March 15, 2011 Comments off

INRIX National Traffic Scorecard 2010 Annual Report
Source: INRIX, Inc.

The INRIX National Traffic Scorecard 2010 Annual Report provides a comprehensive analysis of the state of traffic congestion in 2010 across America and how it’s changed versus 2009. In this year’s report, we find America is back on the road to gridlock after 11 straight months of increases in traffic congestion on our nation’s roads translating into an avg. 10 percent increase in travel times for drivers. The data suggests population growth combined with increases in interstate commerce spurred by economic recovery are fueling these increases. New analysis showing the nation’s worst traffic corridors finds that drivers traveling our nation’s ten worst traffic corridors annually spend an average of one month idle in traffic. With economists’ expecting unemployment to drop to 7 percent by the end of the year, we predict an explosion in traffic congestion across urban America as 9 million more daily work trips jam our nation’s road network.

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