ECONOMY OF US-78

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US-78 | SR-4 | LAMAR CORRIDOR BY THE NUMBERS

  • Serves 98.7 million square feet of industrial space in the southeast industrial market.
  • Supports freight and goods movement to 490 truck terminals, 19 freight intermodal terminals, four rail intermodal yards and three air and truck terminals in the region.
  • Runs parallel to BNSF intermodal yard, which has capacity of one million lifts.
  • Directly serves Memphis International Airport, home of FedEx world headquarters, the region's largest employer.
  • Average traffic volumes over 40,000 vehicles per day.
  • Over one-third of demand is truck volume.
  • Without any improvement the auto and truck delay along the corridor is estimated to increase by 118 percent from 2010 to 20145.
  • Number one recommendation for infrastructure improvement in the Memphis Regional Freight Infrastructure Plan and Memphis Aerotropolis Plan.

 

IMPROVEMENTS TO US-78 | SR-4 | LAMAR CORRIDOR WILL:

  • Increase capacity by 50 percent.
  • Create 1950 short-term construction jobs and 1,544 permanent jobs.
  • Result in 817 fewer crashes per year.
  • Receive unprecdented multistate support from public & private stakeholders.
  • Ensure the U.S. can continue to meet the challenges of increased global competition.

 

              

 

FASTLANE DOCUMENTS

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FASTLANE GRANT EXECUTIVE SUMMARY
The Lamar Corridor is a nationally and regionally significant multimodal freight corridor linking interstate highways, maritime ports and rail. It connects Memphis, TN/Shelby County to Birmingham, AL; Atlanta, GA; and other major metropolitan cities in the Southeast, moving regional, national an dglobal goods. 

 

MEMPHIS MOVES US ONE-PAGER
The Memphis Moves US one-pager briefly breaks down the economic impact of the Lamar Corridor as well as the impact of the Memphis logistics industry nationally and globally.

 

 

              

 

IN THE NEWS

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MEMPHIS: AMERICA'S MULTIMODAL CITY

inbound logistics

Visitors flock to Memphis for its musical heritage, legendary barbecue, and rich history. But long before it attracted tourists with its culture and cuisine, the city represented a point of interest for American industry. Located at the nation's crossroads, Memphis' destiny as a trade center was well established by the early 19th century.

When it comes to a city's logistics assets, geographic location tops the list. Proximity to population centers attracts investment, which builds the infrastructure that creates business momentum. [read more]

 

U.S. TRANSPORTATION SECRETARY VISITS LOCAL OFFICIALS TO DISCUSS MEMPHIS' PROPOSED $265.5 MILLION LAMAR AVENUE PROJECT

FHWA Press Release

U.S. Transportation Secretary Anthony Foxx was joined by Memphis officials today at the Memphis Urban Area Metropolitan Planning Organization to discuss the proposed Lamar Avenue project, designed to improve safety and reduce traffic congestion by widening SR-4/US-78, may not be completed for several years due to inadequate federal funding for Tennessee and other states. The Secretary's visit is part of a multi-state tour highlighting the importance of investing in America's infrastructure and to encourage Congress to act on a long-term transportation bill. [read more]

 

FOXX CITES LAMAR CORRIDOR AS EXAMPLE OF NATION'S TRANSPORTATION CRISIS

The Commercial Appeal

After hearing Memphis officials emphasize the importance of fixing chronically congested Lamar Avenue corridor, U.S. Transportation Secretary Anthony Foxx spoke sympathetically Tuesday but offered no immediate help with the $253 million project.

"We have Lamar Avenues all across the country," Foxx told an audience of elected officials, agency leaders and business representatives at the Greater Memphis Chamber. As much as the project is needed, "we just don't have the money to pay for it," he added. [read more]

 

AIRPORT MOVES TO CLEAR SPACE FOR GROWTH

The Commercial Appeal

Memphis International Airport's latest building project could free up strategic real estate inside the airfield fence for growth by FedEx or another user.

The Memphis and Shelby County Airport Authority is spending $1.4 million to build administrative offices in a former hotel space on the terminal mezzanine. [read more]

 

HEALTHLINK'S MEDICAL DEVICE LOGISTICS BUSINESS
POISED TO GROW

Memphis Daily News

A Netherlands-based medical device logistics company has moved into the Lamar Avenue corridor.

Building on proximity to FedEX Corp. and Memphis' emerging biosciences hub, HealthLink Europe & International made Memphis its latest flagstaff operation. [read more]

 

NIKE EXPANDS WITH ANOTHER MAJOR INVESTMENT IN MEMPHIS

Memphis Business Journal

Nike filed a building permit valued in the seven-figures for a Memphis warehouse.

The March 17 permit called for the installation of industrial storage racks at 5155 Lamar Ave. The project had a $1.487 million valuation. [read more]

CONTACT US

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US-78 Lamar Avenue

Memphis, TN 

901.543.3500

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