Region

Toronto Region Board of Trade releases second and third report in its Movement of Goods series, based on CPCS research

The Toronto Region Board of Trade has released the second and third report in its Movement of Goods series, based on CPCS research.

The reports have been released in advance of the Board’s 3rd Annual Transportation Summit on November 21, a high-profile event bringing together business and government leaders from over 100 organizations in the region. This year’s Summit features three panel discussions, including one moderated by CPCS’s Marc-Andre Roy entitled “Moving Towards a Comprehensive Regional Goods Strategy.”

The second report in the series profiles the multimodal clusters and corridors that make up the region’s goods movement infrastructure, and describes the region’s four biggest goods movement challenges: road congestion, land use conflicts, last-mile connectivity, and a lack of strategic planning for goods movement.

The third report quantifies the cost of goods movement congestion on consumers’ pocketbooks, finding that congestion in the region costs businesses and consumers $500-650 million per year in higher costs for goods and services. These are the direct costs of lost productivity and mitigation measures to offset unreliability, and do not include the “hidden” costs of businesses investing less in the region, or relocating from the region, due to issues such as congestion.

The forthcoming fourth report will propose solutions for goods movement issues in the region.

The findings of the reports have been profiled in regional media outlets, including the Toronto Star.