Economic Impact
According to the U.S. Department of Transportation (DOT): "Transportation's vital importance to the U.S. economy is underscored by the fact that more than $1 out of every $10 produced in the U.S. gross domestic product is related to transportation activity. This includes all aspects of transportation, including the movement of goods and the purchase of all transportation-related products and services as well as the movement of people." Employment in the transportation and material moving industry accounted for 7.4% of all employment, and was the 5th largest employment group in the United States.
The US invests 0.6% of its GDP on transportation annually.
Read more about this topic: Transportation In The United States
Famous quotes containing the words economic and/or impact:
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up—or else all go down—as one people.”
—Franklin D. Roosevelt (1882–1945)
“Conquest is the missionary of valour, and the hard impact of military virtues beats meanness out of the world.”
—Walter Bagehot (1826–1877)