This article was published by Global Trade on May 30, 2024.
Investment in infrastructure is critical to sustaining a prosperous region and ensuring efficient freight movement across the St. Louis area, the nation, and globally. Evidence shows that every dollar spent on transportation infrastructure yields a $4 return in economic development. This multiplier effect and the importance of unified regional advocacy for priority project funding were key themes at the annual Freight Summit hosted by the St. Louis Regional Freightway on May 15, part of FreightWeekSTL 2024.
Shayne Gill, Program Director for Multimodal Transportation at the American Association of State Highway and Transportation Officials (AASHTO), emphasized St. Louis’s strategic importance in freight transportation. “St. Louis serves as a crucial hub for multimodal freight connections, enhancing its economic growth potential,” said Gill. He highlighted the collaborative efforts led by the St. Louis Regional Freightway that are advancing significant projects, such as the $2.8 billion new terminal at St. Louis Lambert International Airport, ongoing improvements on Interstate 270, and the replacement of key freight rail bridges over the Mississippi River.
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