In transportation economics, the demand for transportation is defined as a “derived” demand. This means that the need for transportation as a service is typically a by-product of the need for other goods or services within the economy. For instance, workers commute to work, students travel to school, individuals travel to the market to buy groceries, hospitals to avail medical services, or even theatres to catch the latest movie – and thus the need for transportation arises. Therefore, it is the dynamics of underlying consumption and production patterns within an economy that influence the demand for travel, either by households or by businesses (via commercial transportation and/or business-related travel). Drivers of Highway Asset Value / For toll road highway assets, and like all other assets, the value of the asset is determined by the Net Present Value (NPV) of all future cashflows generated by the asset. In the case of toll road assets specifically, these cashflows comprise toll collections on the highway. Tolls differ by vehicle type – the larger and heavier the vehicle, the higher the toll rate charged. (....)