Experts indicate the coronavirus pandemic will have a significant negative effect on state revenue, including funding that supports transportation projects. Due to dozens of statewide stay-at-home orders, fewer people are out on the road, meaning fewer people are purchasing fuel and bolstering state fuel tax revenue. Data from Inrix Inc., a transportation analytics group, indicates that nationwide personal travel has dropped. Inrix data shows nationwide personal travel was down 20% the week beginning March 14. Nationwide personal travel was down 42% the week beginning March 21, according to Inrix.
Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said. “It will be interesting to see if the U.S. can snap back as we would like it to,” Ann Duignan, truck and equipment analyst for investment house J.P. Morgan, said during an April 2 conference call the company hosted with a panel of experts to discuss the nation’s economic outlook. “There will be tough times in the near term.”
Much has been said about President Donald Trump’s spectacular short-comings on infrastructure policy over the years. So much so that “infrastructure week” has become Beltway patois for a misfired policy aim in the Trump era. Yet, with the world looking to the Trump administration for guidance and assistance amid the coronavirus pandemic, the president insisted multiple times last week that investing in infrastructure — about $2 trillion — could re-energize the country’s economy and possibly lead to an increase in jobs.
The public health crisis came as city leaders were weighing stricter regulations for the dockless two-wheelers
Speed camera violations skyrocket on empty New York City streets during coronavirus shutdown (video report)
With fewer vehicles on city streets, more drivers are now blowing the speed limit, new data shows.