By Bloomberg Government
Representative Laura Richardson, a California Democrat, relied on a Bloomberg Government Study to make a case for including freight in a bi-partisan proposal to reauthorize federal transportation spending. In a speech on the House floor Tuesday, June 26, 2012, Richardson quoted transportation analyst Matthew Hummer’s study showing the cost of congestion to the trucking industry totaled $23 billion in 2010, almost a quarter of the cost of congestion to the entire economy. The two-part study examined where the freight problem is greatest and whether a proposal for a National Freight Network would help solve it.
For a complete look at the study visit Bloomberg Government.
Matthew Hummer is a transportation analyst at Bloomberg Government. Prior to joining Bloomberg, he was an economic analyst at The Millennium Challenge Corp., a U.S. foreign-aid agency that invests in public infrastructure in developing countries. At MCC, Hummer conducted cost-benefit analysis for transportation and energy projects. He holds finance and economics degrees from Fordham University and a master’s of public policy from Georgetown University.