By: Tim Syrianos
Although almost all of us are dealing with frustration and hours of wasted sitting in bumper-to-bumper traffic, Policies to Goods Movement a new report from the Toronto Region The Board of Trade sheds light on a less immediately clear, but substantial, effect of a stalemate in the GTA.
According to the Toronto Region Board of Trade, congestion on GTA highways slows down the flow of goods and supplies on trucks to the extent that it costs $ 500 to $ 650 million a year in higher prices for everyday consumer and business products . That equates to $ 125 per year in additional expenses for the average GTA household.
The Toronto Region Board of Trade's report series, partly sponsored by TREB, is focused on the Toronto-Waterloo Corridor, Canada's largest manufacturing and transportation hub, spanning multiple census metropolitan areas, including the GTA. , Hamilton, Barrie and Kitchener-Waterloo.
The reports provide tangible policy recommendations that can help improve congestion in the Toronto-Waterloo Corridor.
One of the solutions offered in the report are:
- smart signals, which depend on cameras and sensors embedded in the pavement to respond real-time to traffic patterns;
- use of existing infrastructure, such as the opening of hardened shoulders during rush hour;
- introduction of variable speed limits that are dynamically updated on the basis of congestion to reduce stop-and-go traffic; and
- solve accidents faster.
View below an infographic of Policy to improve goods movements for an illustrative overview of the policy solutions proposed by the Toronto Area Board of Trade to address congestion in Toronto -Waterloo Corridor.
For more information, download the complete 17-page Policy to improve freight traffic report, here .