Pricing Freight Transport to Account for External Costs: Working Paper 2015-03

David Austin ()

No 50049, Working Papers from Congressional Budget Office

Abstract: Although freight transport contributes significantly to the productivity of the U.S. economy, it also involves sizable costs to society. Those costs include wear and tear on roads and bridges; delays caused by traffic congestion; injuries, fatalities, and property damage from accidents; and harmful effects from exhaust emissions. No one pays those external costs directly—neither freight haulers, nor shippers, nor consumers. The unpriced external costs of transporting freight by truck (per ton-mile) are around eight times higher than by rail; those costs net of existing

JEL-codes: H23 Q58 R40 R48 (search for similar items in EconPapers)
Date: 2015-03-30
New Economics Papers: this item is included in nep-tre and nep-ure
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