The United States is a very large, land-mass country. Yet, it offers few options in terms of coast-to-coast mass public transit, particularly compared to other developed countries. Europe’s countries tend to be smaller and their cities more dense, making them more transit-friendly. Asian countries made enormous government investments in urban rail networks just as their urban populations began to rapidly expand.1
In the U.S., however, many metropolitan transit systems are dated and overcrowded. The New York Metropolitan Transportation Council reports more than 6 million rapid rail trips and nearly 1 million suburban rail trips on any given weekday. One way to free up crowded subway platforms is to run more trains so there are fewer passengers on each train.2 This would require substantial investments to update the nation’s passenger railway system.
To add to the problem, auto traffic congestion, air pollution and fossil fuels are widely believed to contribute to our growing climate crisis. If there is a silver lining, it’s that the challenge of developing affordable and environmentally responsible transportation options has led to innovations that may help the U.S. develop high-speed rail options comparable to other developed countries.3
Recent market volatility presents a long-overdue reminder that investing is unpredictable and performance can be upended for any number of unexpected reasons. That’s why it’s important to diversify investments and consider companies with solid, long-term growth plans in viable industries. Growth is frequently tied to demand, and transportation offers the potential for long-term investments that respond to mass population needs in a sustainable and environmentally responsible manner. If this is a sector you’d like learn more about, we can help.
To date, the U.S. government has had little success in updating the country’s railway systems due to fiscal debt concerns. Now, the push for improved rail systems is coming from the private sector, including projects with the potential to connect Washington and New York City in one hour, a high-speed train network running from Orlando to Miami, and a high-speed line between Las Vegas and the greater Los Angeles area.4
The city of Lincoln, Nebraska, purchased 10 battery-electric, zero-emission public transit buses. This is part of its commitment to reduce greenhouse gas emissions by 100 to 160 tons per bus per year, as compared to traditional clean-diesel buses.5
Another mass transit project anticipating a mammoth facelift is the traditional American airport. In terms of updating infrastructure and accommodating future demand, the investment can’t come soon enough. According to the International Air Transport Association, the number of travelers passing through airports worldwide is expected to double, rising to 8.2 billion by 2037.6
Because people spend so much of their travel time arriving early for security purposes and waiting during layovers, the future airport is being reimagined as an “aerotropolis.” In other words, they will combine small, technology-enabled hubs with public spaces featuring waterfalls, gardens and walking paths, as well as a plethora of retail and restaurant options.7
Fresno Financial Planner Takeaways
Fresno financial planning is our utmost concern here at Soutas Financial and we thought these takeaways were worth mentioning again. The United States is a very large, land-mass country. Yet, it offers few options in terms of coast-to-coast mass public transit, particularly compared to other developed countries. If there is a silver lining, it’s that the challenge of developing affordable and environmentally responsible transportation options has led to innovations that may help the U.S. develop high-speed rail options comparable to other developed countries.3
Soutas Financial & Insurance Solutions Inc. your Fresno portfolio advisor is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment products such as trusts, probates, charitable giving, estate planning, or tax-efficient strategies, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!
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333 W. Shaw Avenue Suite 106 Fresno, CA 93704
Content prepared by Kara Stefan Communications.
1 Jonathan English. City Lab. Oct. 10, 2018. “Why Public Transportation Works Better Outside the U.S.” https://www.citylab.com/transportation/2018/10/while-america-suffocated-transit-other-countries-embraced-it/572167/. Accessed Feb. 28, 2020.
2 Hitachi. 2020. “Key Strategies for Reducing Traffic Jams.” https://social-innovation.hitachi/en-us/think-ahead/transportation/key-strategies-for-reducing-traffic/. Accessed Feb. 28, 2020.
3 Trevor Bach. US News & World Report. Sep. 10, 2019. “U.S. Cities Play Catch-Up on High-Speed Rail.” https://www.usnews.com/news/cities/articles/2019-09-10/us-cities-play-catch-up-on-high-speed-rail. Accessed Feb. 28, 2020.
5 Oil & Gas 360. Feb. 27, 2020. “Nebraska’s StarTran drives sustainability forward with 10 electric buses from New Flyer; celebrates arrival of first zero-emission bus to Lincoln.” https://www.oilandgas360.com/nebraskas-startran-drives-sustainability-forward-with-10-electric-buses-from-new-flyer-celebrates-arrival-of-first-zero-emission-bus-to-lincoln/. Accessed Feb. 28, 2020.
6 Honeywell. Bloomberg. 2020. “What’s the Next Hot Destination? The Airport.” https://sponsored.bloomberg.com/news/sponsors/features/honeywell/tbt/?adv=24625&prx_t=r3QFAtMA-AWCkPA. Accessed Feb. 28, 2020.
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We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173
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