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Better Roads
The Impact of Fuel Use Trends on the Highway Trust Fund’s Present and Future – downloadable PDF
The Associated Equipment Distributors (AED) commissioned the study, “The Impact of Fuel Use Trends on the Highway Trust Fund’s Present and Future,” through The College of William & Mary’s Thomas Jefferson Program in Public Policy (TJPPP) commissioned a study to help document the challenges facing the Highway Trust Fund (HTF) and to encourage creative thinking […]
April 1, 2013
Better Roads
NTEA releases ‘2013 Fleet Purchasing Outlook’
The NTEA, the Association for the Work Truck Industry, has just released its 2013 Fleet Purchasing Outlook. Based on survey results from 287 mid- to high-level management fleet professionals with decision-making authority for truck acquisitions or vehicle specifications, the Outlook provides insights on critical factors that influence buying behavior from a broad range of fleet […]
March 13, 2013
Better Roads
‘Gridlock’ – a video from ARTBA on fixing the Highway Trust Fund
The American Road & Transportation Builders Association (ARTBA) has put together, “Gridlock,” a grassroots mobilization video to urging Congress to fix the Highway Trust Fund and subsequent crumbling infrastructure. To see the video, go to http://www.artba.org/article/video-message.
March 12, 2013
Better Roads
Monthly Motor Fuel Report shows -0.2 percent change
The November 2012 Monthly Motor Fuel Reported by States report, publicly released on March 7 by the Department of Transportation Federal Highway Administration (FHWA) Office of Policy, showed a a change of -0.2% nationwide, from the same month from previous year. A total of 31 states reported, with the remainder estimated. Changes by region were as […]
March 11, 2013
Better Roads
Illinois Tollways investing $922 million in capital projects this year
The Illinois Tollway plans to invest $922 million in capital projects in 2013, doubling the amount it spent in 2012, according to a new release issued on March 11. This includes funding for the second year of the agency’s 15-year, $12 billion capital program, Move Illinois: The Illinois Tollway Driving the Future. These investments are […]
March 11, 2013
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Better Roads
Report: Motor fuel tax change of -0.2% nationwide
The November 2012 Monthly Motor Fuel Reported by States report, publicly released on March 7 by the Department of Transportation Federal Highway Administration (FHWA) Office of Policy, showed a a change of -0.2% nationwide, from the same month from previous year. A total of 31 states reported, with the remainder estimated. Changes by region were as […]
March 11, 2013
Better Roads
Granite named as one of ‘World’s Most Ethical Companies’
Granite Construction Inc. has again been recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies (WME). The 2013 WME companies are those that embrace ethical business practice and demonstrate industry leadership. “Not only did more companies apply for the World’s Most Ethical Companies recognition this year than any year in […]
March 7, 2013
Better Roads
Highway, bridge contract awards down 3 percent – ARTBA report
Despite the 2012 passage of the federal surface transportation law, “Moving Ahead for Progress in the 21st Century” (MAP-21), the real value of highway and bridge contract awards over the last 12 months was down three percent compared the previous 12-month period, according to the latest analysis of McGraw-Hill Dodge data by the American Road […]
March 6, 2013
Better Roads
Illinois Tollway awards than $73 million in contracts
The Illinois Tollway Board of Directors on Feb. 28 awarded three new construction contracts totaling $23 million and six new engineering contracts totaling $50.4 million for construction management and design services. More than $296.9 million in construction and engineering contracts have been approved by the Tollway Board so far in 2013. A total of $924.9 […]
March 5, 2013
Better Roads
Reuters: Cat to cut 1,400 jobs at Belgium plant
Reuters reports that Caterpillar Inc. plans to cut 1,400 jobs at a plant near Charleroi in Belgium “due to high costs and the weak European economy,” the group’s Belgian unit said on Feb. 28. The cuts will come at the Gosselies site just outside of Charleroi, one of the largest Caterpillar facilities in Europe, where […]
March 5, 2013
Better Roads
Residential construction positioned for expansion, nonresidential will ‘limp along’
The Associated Builders and Contractors (ABC) reports that nonresidential construction spending fell 3.3 percent in January, with outlays decreasing to a seasonally adjusted annual rate of $572.1 billion, citing a March 1 report by the U.S. Census Bureau. Year over year, total nonresidential construction spending is up only 0.8 percent (unadjusted for inflation), according to […]
March 4, 2013
Better Roads
Illinois Tollway needs firms for 15-year, $12 million program
The Illinois Tollway is looking for firms to provide design, construction management and technical services for 23 new contracts associated with its 15-year, $12 billion capital program Move Illinois: The Illinois Tollway Driving the Future. The contracts will provide for an estimated $90 million in design and construction management for the Jane Addams Memorial Tollway […]
March 4, 2013
Better Roads
Granite Q4, 2012 revenues up, net income down
Granite Construction‘s fourth-quarter 2012 and overall 2012 revenues at a glance, according to the company’s report released on Feb. 28: Revenues for the year increased 4 percent to $2.1 billion Net income of $45.3 million in 2012 compared with $51.2 million in 2011 Large Project Construction gross margins improved to 17.2 percent Balance Sheet remains […]
March 1, 2013
Better Roads
Poor pavement costs Md. residents about $6.2 billion each year – report
More than two-fifths of Maryland’s major locally and state-maintained roads are in either poor or mediocre condition, one-quarter of bridges are in need of repair or replacement, and the state’s drivers experience increasingly worsening congestion, according to the report, Maryland Transportation by the Numbers: Meeting the State’s Need for Safe and Efficient Mobility, release Feb. 28 […]
March 1, 2013
Better Roads
Fuel consumption in construction up 5.8 percent this year
WEX Inc. and IHS together on Feb. 26 released results of its WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 5.8 percent in January compared to its level in January 2012. The WEX Construction FCI measures national fuel consumption statistics for the construction industry. WEX worked with IHS to capture and analyze […]
February 28, 2013
Better Roads
New business volume for January $5.9 billion
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their overall new business volume for January was $5.9 billion, up 16 percent from volume of $5.1 billion in the same period in […]
February 28, 2013
Better Roads
LaHood on sequestration and transportation
U.S. Transportation Secretary Ray LaHood released a statement on Feb. 22 with his thoughts on what sequestration will mean for the nation and for transportation. For the official statement, go to http://www.dot.gov/briefing-room/statement-sequestration-us-transportation-secretary-ray-lahood-22-february-2013.) LaHood says in the statement that “sequestration will have a serious impact on the transportation services that are critical to the traveling public […]
February 26, 2013
Better Roads
Equipment finance market on rise for third straight month
The Equipment Leasing & Finance Foundation released the February 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on Feb. 22, which indicated that overall, confidence in the equipment finance market is up for the third consecutive month at 58.7, an increase from the January index of 54.2. The index reports a qualitative assessment […]
February 25, 2013
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