The Washington State DOT just published The 2014 Corridor Capacity Report and the Washington Transportation Revenue Forecast Council published their Transportation Economic and Revenue Forecasts. This is not newsworthy, but the forecasts buried in these documents are remarkable. Below is their revised Vehicle Miles Traveled (VMT) forecast.
This is the first state DOT revised forecast I have seen that stops trend-lining up the 40ish year annual 2% growth rate we saw from 1965 to about 2007. Our industry will change radically if transportation funding is shifted to match this revised forecast. Traffic engineering doesn’t look like a growth industry. I’ve said it before and I’ll say it again – I’m not nudging my kids into traffic engineering.
(Hat Tip – Sam Schwartz from the ITE Transportation Revolution Webinar)