As the industry takes its message to lawmakers today during “Railroad Day” on Capitol Hill, the industry is on a roll. Revenue is up 19 percent since 2009 to $80.6 billion, creating 10,000 new directly related jobs and countless other ancillary jobs. Some $21 billion in wages were paid last year alone, a $1 billion increase from the year before.
On the one hand, they’re incredibly deft at helping others. According to Leigh Buchanan’s Meet the Millennials, nearly 70 percent of millennials hold “giving back” and “being civically engaged” as their highest priorities.
One of my favorite anecdotes of how governments and communities can partner to make a smarter city is about using big data and analytics to combat a common urban problem: Potholes.
In Ancient Egypt there exists evidence of the basic design process of defining objectives, performing research, specifying requirements, iterating while developing solutions, and prototyping before building the final version. The same process is followed today.
When the mythical narrator in the above-quoted Warren Zevon tune found himself in a bit of trouble, he knew he needed three things: “lawyers, guns, and money.”
Innovation, likewise, has its own magic triumvirate solution. But in the case of innovation, it’s not “lawyers, guns and money” – it’s brokers, role models, and risk-takers.
But not all response has been positive.
But the rapid pick-up in ridesharing is likely to bridge the distance between people and their destinations, according to transportation technology experts, all while changing the culture of transportation to focus less on exclusivity and more on accessibility and efficiency.