The report also explores the impact of future technologies -- including how role autonomous cars and ride-sharing will change public transport and whether they will "blur the distinction between public and private transportation".
It found Auckland lags behind Australian cities in travel time reliability, public transport and the overall size of its available labour pool.
And the freight industry is projected to grow in size by 78 per cent.
But the report recognises there has been "a very significant increase" in transport investment by the Government over the last decade which has contributed to a number of major roading improvements and upgrades to arterial routes, among other upgrades.
Auckland mayor Len Brown said the report as a "giant step forward" in agreeing Auckland's transport investments. It was clear that the views between the council and government were extremely close in thinking, he said.
"For decades, Auckland local government and various governments bickered about the city's transport issues but no more."
Mr Brown said the united approach is crucial to Auckland's continuing success as a highly-sought after place to live and do business in.
AA spokesman Barney Irvine said the report was "exactly the sort of shared thinking that's been missing in the Auckland transport debate in the past".
He said one of the key elements of the report was the focus on achieving more out of Auckland's existing transport plan.
"What it shows is that, under the current plan, the outlook for congestion and public transport performance is really pretty grim, particularly if you live in the South or the West of the city."