Traffic speed prediction is a critically important component of intelligent transportation systems (ITS). Recently, with the rapid development of deep learning and transportation data science, a growing body of new traffic speed prediction models have been designed, which achieved high accuracy and large-scale prediction. However, existing studies have two major limitations. First, they predict aggregated traffic speed rather than lane-level traffic speed; second, most studies ignore the impact of other traffic flow parameters in speed prediction. To address these issues, we propose a two-stream multi-channel convolutional neural network (TM-CNN) model for multi-lane traffic speed prediction considering traffic volume impact. In this model, we first introduce a new data conversion method that converts raw traffic speed data and volume data into spatial-temporal multi-channel matrices. Then we carefully design a two-stream deep neural network to effectively learn the features and correlations between individual lanes, in the spatial-temporal dimensions, and between speed and volume. Accordingly, a new loss function that considers the volume impact in speed prediction is developed. A case study using one-year data validates the TM-CNN model and demonstrates its superiority. This paper contributes to two research areas: (1) traffic speed prediction, and (2) multi-lane traffic flow study.
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