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Economic trends: Page 21
Roadbuilding
Stimulus funds boost April’s construction spending numbers
Construction spending rose to $869 billion between March and April this year thanks to stimulus funds, according to an Associated General Contractors of America (AGC) analysis of the Census Bureau’s latest spending figures. Total construction spending rose by 2.7 percent, or $23 billion, over the month according to Census Bureau data released June 1, 2010. […]
June 15, 2010
Roadbuilding
House votes to add $521 Million to Federal Highway Program
The House of Representatives approved legislation on May 28, 2010 that would provide $521 million in additional highway funding, increasing allocations for 37 states, according to the AASHTO Journal. The following is what information appeared in the AASHTO Journal: This provision is contained in a tax-extenders bill, HR 4213, the American Jobs & Closing Tax […]
June 10, 2010
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Roadbuilding
$600 million now available in TIGER II grants
Following on the success of the U.S. Department of Transportation’s TIGER (Transportation Investment Generating Economic Recovery) Discretionary Grant Program, Secretary Ray LaHood today announced the availability of $600 million in TIGER II grants for capital investment in surface transportation projects. TIGER II grants will be awarded on a competitive basis to projects that have a […]
May 28, 2010
Roadbuilding
ANSI: Steel imports highest since January 2009
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,072 ,000 net tons (NT) of steel in April, including 1,672,000 NT of finished steel (each up 1 percent respectively, vs. March final data). This was the highest monthly total since January 2009. Annualized […]
May 25, 2010
Roadbuilding
ARTBA: Senate climate bill ‘shorts’ transportation sector
A majority of the revenue generated from a new transportation user fee included in a climate bill proposed in the U.S. Senate would be diverted to non-transportation purposes —- a departure from 54 years of federal policy, according to the American Road & Transportation Builders Association (ARTBA). The “American Power Act” (APA), released May 12, […]
May 13, 2010
Roadbuilding
Lafarge brings back 77 employees before expected
Lafarge is recalling 77 of its employees as early as today because of an uptick in demand for cement, the The Alpena News reports. The plant’s employees were laid off in early April when the plant had a full inventory of product and not enough orders to get rid of it, so the plant was […]
May 10, 2010
Roadbuilding
Total steel import permits decrease 3 percent; April import market share at 20 percent
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported on May 6 that steel import permit applications for the month of April totaled 1,968,000 net tons (NT). This was a 3-percent decrease from the 2,027,000 permit tons recorded in March and no […]
May 6, 2010
Roadbuilding
The Bond Buyer newspaper online is free this week.
Here’s some good news if your agency is facing the same financial stresses and strains that virtually every agency across the country is facing these days. The Bond Buyer Online is free this week. The Bond Buyer is “the Daily Newspaper of Public Finance” so there’s no doubt there’s some big potential in the […]
April 27, 2010
Roadbuilding
FHWA releases FY 2010 Highway Trust Fund balance status, balance charts
The Federal Highway Administration (FHWA) has released the most current statistics for the Status of the Highway Trust Fund – Fiscal Year 2010 and the Highway Account Balance. Click on the hotlinks above for a PDF of each chart. To go to the Website with this information, go to http://www.fhwa.dot.gov/highwaytrustfund/index.htm.
April 22, 2010
Roadbuilding
$48.8 billion in highway funds available for states through HIRE Act
U.S. Transportation Secretary Ray LaHood today announced that $48.8 billion in highway funds is now available to state departments of transportation for federal projects through the Hiring Incentives to Restore Employment (HIRE) Act. “With spring and summer highway construction seasons just beginning, these funds will help make it easier for states to put people back […]
April 21, 2010
Roadbuilding
Wells Fargo quarterly report shows cautious optimism for 2010
Although the national economy experienced a slight lift at the end of 2009, contractors and distributors don’t expect the lift to continue, according to Wells Fargo Construction’s Construction Quarterly for the first quarter 2010. The report measured the current and projected state of the construction industry based on executive optimism surveys, fiscal quarter results from […]
April 7, 2010
Roadbuilding
House OKs $15 billion jobs bill, Senate to vote on amendments March 16
Congressional Democrats made headway on their top legislative priority — job creation — when the House of Representatives approved a $15 billion package of tax credits and highway construction. The 217-to-201 vote gave Democrats a much-needed victory after weeks of delay caused by Republican tactics, a record-setting snowstorm, and internal bickering. More job-creation efforts are […]
March 12, 2010
Roadbuilding
Construction unemployment now at 27.1 percent
The construction unemployment rate jumped to 27.1 percent and construction employment dropped to a 14-year low as another 64,000 construction workers lost jobs in February, according to federal employment figures released today. The economy would have added jobs had it not been for the declines in construction employment for the third time in four months, […]
March 5, 2010
Roadbuilding
Highway, transit shutdown ends with enactment of one-month extension
The Senate approved a bill Tuesday night to extend legal authority for the Highway Trust Fund for 30 days, sending the legislation to President Barack Obama, who has now signed the measure, the American Association of State Highway and Transportation Officials (AASHTO) reported. The president’s signature on HR 4691 will end a shutdown of the […]
March 3, 2010
Roadbuilding
Biden announces states meet deadline for 100 percent of stimulus funds
States head into spring construction season with more than 12,000 Recovery Act projects funded, nearly 7,800 already underway CLERMONT, Fla. – At a RecoveryAct construction site outside Orlando today, Vice President Joe Biden and U.S. Transportation Secretary Ray LaHood announced that every state and the District of Columbia met the March 2 Recovery Act deadline […]
March 1, 2010
Roadbuilding
U.S. DOT furloughs to shut down critical construction projects
The Department of Transportation will furlough nearly 2,000 employees without pay Monday, temporarily shutting down highway reimbursements to states worth hundreds of millions of dollars, national anti-drunk driving efforts, and multi-million dollar construction projects across the country. The action comes as a result of Kentucky Sen. Jim Bunning’s decision to block key legislation that would […]
March 1, 2010
Roadbuilding
House passes voice vote on 30-day extension of Highway Trust Fund, other programs
Unable to reach agreement on Feb. 25 on the Senate long-term extension of the highway program, the House by voice vote passed a 30-day extension of several programs including the Highway Trust Fund at the low pro rata rate currently provided by the continuing resolution and sent it to the Senate, the National Stone, Sand […]
February 26, 2010
Roadbuilding
LaHood awards nearly $10 million in training grants for minority, women-owned businesses
U.S. Transportation Secretary Ray LaHood today announced $9.9 million in grants to provide training and other services to minority- and women-owned businesses in 33 states to help them compete for highway contracts. “The U.S. Department of Transportation has an excellent history of reaching out to small businesses owned by women, veterans and minorities,” said LaHood […]
February 25, 2010
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