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New Dept. of Transportation Index Inaugurated On Wall Street

Posted by: C. Scott Smith
Thanks to: C. Scott Smith
4 February 2004 - 4:00am

Secretary Mineta announces the Transportation Services Index (TSI)--an indicator of transportation's impact on the American economy.

Secretary Mineta announced the Department of Transportation's (DOT) index after ringing the opening bell of the New York Stock Exchange. The new index will focus on the movement of freight and passenger traffic by land, water and air. It is expected that the TSI will join the ranks of other monthly indicators in providing a reliable benchmark on the overall strength of the American economy.

Full Story: Secretary Mineta Announces Launch of New Economic Index
Source: U.S. Department Of Transportation, February 2, 2004
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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