Analytics-driven Insight for a Fast-Moving Industry
Transportation services impact the economic trajectory, land use patterns, opportunity and quality of life of an area by connecting people to places. ESI’s transportation practice combines economic, strategic and analytic capabilities to help our clients navigate an ever-changing environment and achieve their objectives. Key areas of specialization include economic and benefit-cost analysis, catalytic forecasting, equitable growth, and analytics-driven planning.
The Latest Insights
About SEPTA Economic Intelligence Econsult Solutions, Inc. (ESI) has undertaken a series of studies for the Southeastern Pennsylvania Transportation Authority (SEPTA) on the economic value, development implications, and equitable benefits of its service. Collectively, these studies articulate the value proposition that SEPTA provides to the region’s residents and its economy. In this time of crisis, […]Read More
ESI was commissioned to study the direct and indirect regional economic impacts attributable to PHL on an annual basis, updating a similar analysis from 2017.
ESI ThoughtLab worked alongside KPMG to update the AVRI. The 2019 index adds five new countries; new measures including a consumer opinion poll on AVs; and provides greater insights into individual countries.
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Economic and Benefit-Cost Analysis
"Commissioning an Economic Impact Study two years ago was one of the most meaningful decisions I’ve made so far. The study breaks down the airport’s economic impact by state and county, which enables us to better communicate with stakeholders about how important they are to us, and how much we contribute to them. I’ve taken that study on the road to try and push out these local messages, and in doing so we have forged new relationships and reinforced existing ones."
-Chellie Cameron, Chief Executive Officer, Philadelphia International Airport
Economic and benefit-cost analysis is central to establishing the value of transportation infrastructure and operations. ESI employs traditional input-output modeling methods, spatial and statistical modeling techniques, and rigorous economic analysis to quantify a variety of transportation impacts including economic activity, property value, fiscal impact, time and safety value, mobility and employment access.
Our report demonstrates the impact of PAAC’s expenditures and service on the economy, on residents, and on state and local tax bases through a variety of economic frameworks.
ESI found that the direct and indirect economic activity associated with PHL annually produces $15.4 billion in output within the 11-county Philadelphia MSA, supporting 96,300 jobs and $4.8 billion in total earnings.
ESI works with public agencies to help convey to what extent a project will have positive economic, transportation, social, and environmental impacts to achieve desired outcomes of the grant program.
Transportation yields catalytic impacts by enhancing the productivity and competitiveness. Investments can change the development economics of an area, impacting the equilibrium property values, employment and earnings activity. ESI’s catalytic forecasts combine standard urban economics frameworks and analytical techniques in a unique way to project the long-term changes in the development path of a region associated with transportation changes and quantify value capture potential.
This analysis shows how SEPTA's $6.6 billion package of capital projects will change the economic trajectory of the region by enhancing regional competitiveness and attractiveness.
Economic costs from congestion delays are borne by a variety of actors. They also impact the financial profile of SEPTA and the tax base of the City.
Transportation services create economic value by connecting people more efficiently to opportunity. With value generation comes important considerations about the equitable distribution of benefits and costs. ESI's economic frameworks and granular spatial analysis quantify implications of transportation service on household budgets, asset values, and access to opportunity across communities of different types.
ESI was hired to analyze SEPTA service and used thousands of housing market transactions to quantify the incremental housing value that access to this service provides. An interactive map was created which allows users to easily find property value data near stations and routes.
Analytics-Driven Insight and Planning
As the transportation environment experience a period of rapid change and increasing competition, ESI’s statistical and big data expertise can support strategic management initiatives. With the dramatic increase in quantity and precision of ridership, vehicle, and other data, statistical analysis and projections can be made with greater accuracy and reliability. Modeling can yield valuable insights into crucial issues like pricing, service changes, and consumer choices among competitive travel modes.
ESI and its thought leadership team assessed smart city solutions of 100 cities worldwide. A key component of this study was examining the ROI of smart traffic management initiatives.
ESI's thought leadership team has worked with KPMG to launch the AVRI. Since first published in 2018, there has been a huge acceleration in investment in AV technology.
You Have a Case to Make
Let us help you find a solution to your most pressing challenges. Our staff and advisory board consists of experienced professionals that provide the highest levels of technical expertise in economics, analytics, and thought leadership.