Own-Source and Supporting Revenue Allocated for Transportation (2024)

FAQs

What is the revenue of transportation? ›

2021 Year-in-Review (latest available)

In 2021 federal, state, and local revenues collected and dedicated to transportation programs totaled $382.5 billion (in 2021 dollars).

The federal Highway Trust Fund, which provides aid to states for various transportation purposes, receives more than 80 percent of its revenues from federal taxes on gasoline and diesel.

The budget package provides a total of $33.2 billion for transportation-related programs in 2023-24, including for the California Department of Transportation (Caltrans), California State Transportation Agency (CalSTA), local streets and roads (shared revenues), California Highway Patrol (CHP), Department of Motor ...

Transportation revenue includes taxes, charges, and fees collected by governments from transportation and non-transportation activities and allocated to transportation programs. Income from investing transportation funds and receipts from fines and penalties are also treated as transportation revenue.

Accessorial fees are charged by the carrier to the customer for additional services required to complete the delivery. The most commonly charged accessorial fee with contract pricing is a fuel surcharge. This fee is charged to compensate the carrier for fluctuating fuel costs that would otherwise eat into profits.

State and local governments collect tax revenues from three primary sources: income, sales, and property taxes.

Financing the construction, operation and maintenance of public transportation systems involves many different types of funding sources, including federal and non-federal grants, cooperative agreements, loans, and revenue sources.

Property taxes are the dominant tax revenue source for local governments, generating approximately three in four local tax dollars nationwide. Nearly every local area in the U.S. raises revenue through property taxes, and these taxes represent the largest tax revenue source in 94 percent of localities.

Transportation cost refers to the expenses incurred in the process of moving goods, services, or people from one location to another.

It is generally recommended that you cap transportation expenses at 10% of your monthly income. Beyond the sales price, buyers should also budget for other expenses like repairs, registration, and insurance.

How much do businesses spend on transportation? ›

Road freight and transportation made up the biggest part of logistics spending in the United States after reaching $896 billion in 2022, a 6.1% rise from 2021 ($844.5 billion). Rail costs also experienced a 17.6% YoY boost from 2021 ($84.4 billion) to 2022 ($99.2 billion).

As in most other industries, there's no standard profit margin that exists in trucking. However, most trucking companies see their margins fall somewhere between 2.5% to just over 8%. Profit margins aren't always what they seem, however.

Revenue drivers are direct inputs — products, services, activities, strategies, and markets — that generate revenue for a business. Anything a company does to increase its top-line revenue can be considered a revenue driver.

Public Transportation Market Size & Trends

The global public transportation market size was valued at USD 214.54 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.