The money will supplement the U.S. Department of Transportation's efforts to provide grants to states and localities for congestion mitigation strategies using technology and targeted highway construction.
Among the techniques the department is aggressively pushing is congestion pricing, which is an economic method of dampening demand during peak periods. The most common form of this technique in the United States is variable toll lanes adjacent to free lanes in which the price changes based on traffic volume in the lane and which would allow drivers a faster option if they are willing to pay the price of access. Another method is to vary tolls based on the time of day for an entire roadway.
The tactic has been tried on a limited basis in the United States, but the DOT is pushing for a broader demonstration of the traffic management approach.
'We believe that when you combine such new approaches to pricing highway systems with expanded commuter transit services, commitments from employers to expand work schedule flexibility, an expansion of real-time traffic information, and other successful operational strategies, we can demonstrate that a sustainable approach to congestion relief is no longer theory,' said DOT Secretary Mary Peters in a speech to the Transportation Research Board in Washington on Wednesday.
Peters said that the department will announce today and Friday the eight finalists for its Corridors of the Future program. Unveiled last May, the program aims to designate three to five high-growth, interstate trade and travel corridors, including rail, where targeted expansion projects that have the greatest potential to reduce traffic congestion.
The DOT received 40 applications from states and metropolitan planning organizations.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now