Alameda Corridor Records Heavy Container Traffic

Sept. 17, 2004
A recent analysis of the Alameda Corridor shows that rail cargo volumes are vastly exceeding projections along the corridor’s 20-mile expressway

A recent analysis of the Alameda Corridor, a dedicated freight network for train and truck traffic in the Los Angeles area, shows that rail cargo volumes are vastly exceeding projections along the corridor’s 20-mile expressway.

The Alameda Corridor Transportation Authority (ACTA) reports that fiscal year 2004 rail container traffic was 14.6% higher than in the previous fiscal year. The corridor also carried 26.6% of total Los Angeles-Long Beach port volume in the fiscal year ended June 30, 2004, as compared to 25.9% of port volume during the previous year.

The multi-tracked corridor, which cost $2.4 billion to build, carried a daily average of 5,008 containers in fiscal 2004, ACTA said, or 638 per day more than during fiscal 2003. “That is 3% higher than the original 1998 forecasted number,” said ACTA board chairwoman Janice Hahn, a Los Angeles City Councilwoman.

The Corridor also had a better-than-projected revenue performance, with assessed fees and charges exceeded the previous year's numbers by 13.9%. Total fiscal 2004 revenue reached $62.3 million, compared to $54.7 million in fiscal 2003, she added.

Because of the corridor’s fiscal success, ACTA was able to refinance its federal loans and pay back a $573 million Department of Transportation loan 28 years in advance of its maturity date earlier this year.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...