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Tag: infrastructure spending
Dealers
AED leader: âinfrastructure talk must become actionâ
In response to President Donald Trumpâs brief discussion of a plan for U.S. infrastructure during his State of the Union address Tuesday night, the head of Associated Equipment Distributors (AED) is calling for more than talk. âWhile AED commends President Trump for continuing to focus on infrastructure investment, the time is long overdue for words [âŚ]
February 1, 2018
Business
PCA economist: Construction economy is good, but Trumpâs infrastructure proposals will take time to show benefit
Itâs no mirage. âNo matter how you look at it, the near-term economy is in good shape,â says Ed Sullivan, senior vice president and chief economist at the Portland Cement Association. Even better, thereâs at least a couple more years of strong economic growth ahead, he says. After 2020 the picture is still good, but [âŚ]
January 30, 2018
Roadbuilding
Axios publishes leaked draft of Trump infrastructure plan
The news website Axios has obtained and published a draft copy of the White House infrastructure plan. Itâs unclear when the draft, which is embedded in its entirety in the Axios article, was written. It doesnât mention a gas tax increase, and it provides less leverage for infrastructure spending. White House officials have previously spoken about [âŚ]
January 23, 2018
Dealers
Short term and long term, rental remains power player
The strong 3Q reports from Herc Rentals, H&E Equipment Services and United Rentals serve to underscore a recent forecast by the American Rental Association (ARA). Updating its five-year forecast, ARA says it expects equipment rental revenue to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2017 and 2021. This forecast has changed [âŚ]
November 21, 2017
Roadbuilding
Larson proposes 10-year $1 trillion America Wins Act for infrastructure
Rep. John Larson (D-Connecticut) has proposed legislation targeting the much-touted $1 trillion infrastructure spending goal via the 10-year America Wins Act. âI am introducing the America Wins Act in order to repair our crumbling roads and bridges and to jump start transformative projects that can solve our infrastructure challenges,â Larson says. âThis is a jobs program [âŚ]
August 14, 2017
Roadbuilding
President-elect Trump looking to create task force for infrastructure plans
The Washington Post reports president-elect Donald Trump is looking to form a task force for his infrastructure plans once he takes office. Citing a âperson familiar with the initiative,â the Washington Post says the individual to lead the task force would not be âCabinet levelâ but still would be integral in working with officials from [âŚ]
December 21, 2016
Roadbuilding
Highways 2.0: Transportationâs future holds drastic changes for road builders
The Eisenhower Interstate System was a bold plan. It supercharged our economy and provided good, middle class jobs to millions of Americans for more than 40 years. It changed the face and character of America. Thatâs what weâre calling Highways 1.0. What followed in the footsteps of these big thinkers and world-class builders? Stasis, neglect and [âŚ]
March 11, 2016
Roadbuilding
With oil prices plummeting, Obama says now is time to raise gas tax
Gas prices are continuing to drop to historic lows, and thereâs really no sign the trend will reverse any time soon. With that in mind, President Barack Obama thinks now is as good a time as any to raise the gas tax. According to The Hill, Obama told reporters last week the low prices on [âŚ]
February 9, 2016
Roadbuilding
Paul, Boxer intro bill calling for 6.5% tax on repatriated foreign earnings to fund highway spending
As we near the May 31 funding deadline for the Highway Trust Fund (HTF), an expected flurry of proposed legislation to extend funding is popping up, with the latest being a bipartisan proposal from Senators Barbara Boxer (D-California) and Rand Paul (R-Kentucky). Their Invest in Transportation Act, S. 981, would ask for companies to voluntarily [âŚ]
April 20, 2015
Roadbuilding
Ground broken on Floridaâs I-4 Ultimate project
Florida Gov. Rick Scott officially kicked off the metropolitan Orlando Interstate 4 improvement project at a groundbreaking ceremony Feb. 17 in Maitland, according to a report by the Orlando Sentinel. Dubbed I-4 Ultimate, the $2.3 billion project will involve rebuilding 21 miles of the interstate on a section between Orange County and Seminole County. Two tolled Express Lanes will [âŚ]
February 19, 2015
Roadbuilding
Sanders says his $1 trillion infrastructure bill would cost less than Iraq War
Sen. Bernie Sanders says his 5-year $1 trillion infrastructure bill would cost less than the estimated cost of the âBush/Cheney Iraq Warâ, according to a report from The Hill. In a speech at the Brookings Institution in Washington, the independent senator from Vermont said estimates of the total cost of the war âwill total $3 [âŚ]
February 10, 2015
Roadbuilding
Obama proposes 6-year, $478 billion highway bill; industry groups voice support
As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the countryâs transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obamaâs proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. [âŚ]
February 2, 2015
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