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24 Public and Private Sector Interdependence in Freight Transportation Markets tor decision-making practice. Publicprivate task teams can bring their combined experience and knowledge to develop realistic project milestones for project evaluation and monitoring. Prior efforts to obtain input from the private sector have shown positive results for public agen- cies in areas of improved operations (such as asset management and maintenance practices) as well as quantification of activities and processes. Invaluable to better public sector management has been the improved availability of performance data for benchmarking, comparing, and demonstrating improvements for the public. Forge PublicPrivate Financial Partnerships Mutually established cost and benefit sharing plans in projects can be developed for the ben- efit of both public and private sectors. New public-private investment mechanisms have been developed at the state and local levels. Federal program funding is being leveraged for freight applications as well. Examples of new publicprivate freight investment tools include the following: · Florida intermodal freight investment priority list, · California goods movement bond funding, · Intermodal investment credits leveraged by public funding for infrastructure, and · Congestion mitigation air quality credits. Each of the examples requires participation by both public and private sectors in · Identifying opportunities for improvements to the freight system, · Agreeing on cost and benefit sharing from the projects, · Setting priorities, and · Executing selected projects. In each case, the engagement of senior officials from both private sector and public sector orga- nizations has led to success in making the partnerships work. These partnerships have worked to bring billions of needed dollars to the freight system, generating jobs and helping the economy. Conclusions The purpose of this primer was to foster understanding about the respective roles of the pub- lic and private sectors in freight transportation. Such understanding is crucial because the decision- making roles of the two sectors are intertwined but not always aligned. By better understanding the differences and commonalities in roles and interests, both sectors can take steps to facilitate cooperation on freight issues. Public sector officials can take a leading role in fostering such coop- eration by (1) establishing communication channels and partnerships with the private sector, (2) creating joint task forces, and (3) training staff in specialized freight areas. Publicprivate cooperation becomes even more important because the amount of freight moved on U.S. infrastructure is projected to increase. Truck volumes alone will double. By work- ing together on investment and operating decisions, the two sectors can ensure that goods will move through the economy in an efficient and effective manner.