The ITS industry is growing rapidly. Government and industry are working together in a whole new way, establishing innovative partnerships to create jobs and expand the economy. Product and casualty insurance companies expect ITS safety features to reduce personal injury and insurance rates. They are informed on how to make more efficient use of transit. They save in the cost of consumer goods because of lower transportation and warehousing costs.
Taxpayers save money, too.
ITS investments use limited public resources in a more efficient manner. ITS will help reduce highway and transit wear and tear. The number of expensive and disruptive major reconstruction and resurfacing projects will decline. More efficient toll and freight charge collections are already reducing overhead costs and increasing revenues. ITS Helps to Clean the Air and Save Energy Decreased traffic and gridlock through ITS technology has already decreased energy use.