This report summarizes the results of a peer workshop on Transportation Asset Management (TAM), a systematic, strategic and complete approach to maintain, upgrade, and operate physical infrastructure assets in a cost-effective way. State DOTs and other agencies have a long history of inventorying and managing transportation assets, particularly roadway pavements and highway bridges. In recent years, however, many in the transportation industry have recognized a need to expand asset management beyond the “edge of the pavement” to encompass transportation infrastructure assets such as culverts, lighting, signals and markings. In light of the desire to expand TAM, as well as the complexity associated with this expansion, the FHWA Office of Asset Management and AASHTO Subcommittee on Asset Management proposed to convene a national Peer Workshop to discuss state of the practice and identify professional and technical capacity-building needs. Ten officials, representing state DOTs, one MPO and the Federal Lands Office, participated in the Workshop.