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Economic trends: Page 3
ARTBA: States committed nearly $120 billion for transportation improvement in 2012, short of $129 billion peak in 2010
State departments of transportation (DOTs) and local governments committed a little over $117 billion in funding for highway, bridge, transit, port and other transportation-related construction projects during 2012, according to new analysis of the most recent U.S. Census Bureau data by the American Road & Transportation Builders Association (ARTBA). ARTBA’s monthly report, “Value of Transportation […]
February 12, 2013
BOMAG to acquire some assets, roadbuilding operations from Terex
BOMAG (FAYAT Group) plans to acquire specific product lines and assets from Terex as well as Terex Roadbuilding operations of Latin America (ex-Cifali), according to a company announcement made public on Feb. 11. This is a significant breakthrough for BOMAG as well as the mixing plant business unit subsidiaries MARINI-ERMONT, according to BOMAG. This announcement […]
February 12, 2013
Jobless benefit claims fall, levels near second half of 2012
In aBloomberg report, the news agency reports that claims for U.S. unemployment insurance payments fell in the week ended Feb. 2, which returns it to levels seen in the second half of 2012. Applications for jobless benefits dropped 5,000 to 366,000 in the week ended Feb. 2, according to the report. For the full Bloomberg […]
February 8, 2013
Roadbuilding
The Rise of the Mixer Trucks: Terex intros two new trucks after economy forces production halt
LAS VEGAS—Despite a “tenuous economy” and uncertainly in the marketplace, Terex Roadbuilding introduced two new front discharge mixer trucks at World of Concrete 2013 – FD5000 “Great Lakes” front discharge mixer truck and the DB6000 front discharge mixer truck. These introductions signify a resurgence for Terex back into the marketplace and confidence of a significant […]
February 6, 2013
Roadbuilding
Cat: 2012 record sales, revenues up 10 percent to $65 billion
Despite economic and political uncertainty, Caterpillar Inc. on Jan. 28 has reported record 2012 sales and revenues of $65.875 billion, an increase of 10 percent from $60.138 billion in 2011. Profit per share of $8.48 was also an all-time record, including the impact of the previously announced goodwill impairment charge of $0.87 per share related […]
January 28, 2013
Roadbuilding
Equipment Lease finance industry confidence increases to 54.2
The Equipment Leasing & Finance Foundation (the Foundation) releases the January 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on Jan. 23. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $725 billion […]
January 23, 2013
Roadbuilding
Granite Construction to acquire Kenny Construction for $130 million
Watsonville, Calif.-based Granite Construction Inc. plans to acquire Kenny Construction Co. for $130 million, Granite announced in a Dec. 28 written statement. Founded in 1927, Kenny is a privately-owned, Northbrook, Ill.-based company with about 425 employees. Kenny offers a comprehensive range of services related to power transmission and distribution, construction management, tunnels, trenchless and underground […]
January 2, 2013
Roadbuilding
‘Fiscal cliff’ deal OK’d by House just 36 hours before Congress adjourns
In a 257 to 167 vote late in the evening on New Year’s Day, the House approved a “fiscal cliff” deal that extends indefinitely marginal tax rates on annual family income up to $450,000, lifts the top capital gains and dividends rates to 20 percent, extends unemployment insurance benefits and a myriad other tax provisions, […]
January 1, 2013
Roadbuilding
New business volume up 3 percent in equipment finance sector
In a slight increase, new business volume for November was up 3 percent – $6.4 billion, up from $6.2 billion – from the same time in 2011, according to the latest report from 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 […]
December 21, 2012
Roadbuilding
WEX: U.S. construction industry fueling increased 3.6 percent
WEX Inc., in collaboration with IHS, has released results of its WEX Construction Fuel Consumption Index (FCI), which indicated an increase of 3.6 percent in November versus its level the previous year. The WEX Construction FCI measures national fuel consumption statistics for the construction industry, which provides an accurate and up-to-date indication of construction activity […]
December 21, 2012
Roadbuilding
Americans pay the lowest motor fuel tax, according to FHWA report
The Federal Highway Administration (FHWA) today released the August 2012 edition of the Monthly Motor Fuel Report, which found that the overall change nationwide was +0.2 percent compared to the same period last year, according to the report. The report also noted that Americans pay the least in motor fuel tax. The average U.S. Motor […]
November 30, 2012
Roadbuilding
70 bridges getting $130M in federal funds for repair, replacement
Seventy city and county projects across Washington state will receive a portion of $130 million in federal funds to repair or replace aging bridges, according to the Washington State Department of Transportation (WSDOT). The Washington State Department of Transportation selected projects that will replace, remove and/or repair aging, obsolete and structurally deficient bridges. The funding […]
November 30, 2012
Roadbuilding
September 2012 surface trade with Canada, Mexico fell 0.1% from September 2011
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, was 0.1 percent lower in September 2012 than in September 2011, totaling $77.7 billion, unadjusted for inflation, according to a Nov. 27, 2012, bulletin from the Bureau of Transportation Statistics (BTS) of the U.S. Department […]
November 27, 2012
Roadbuilding
Monthly Motor Fuel Report by States released, July 2012 now posted
The Monthly Motor Fuel Report by States (July 2012) was just released on the Office of Highway Policy Information, Federal Highway Administration website at http://www.fhwa.dot.gov/policyinformation/motorfuel/jul12/jul12.pdf. (Click here for a downloable PDF of this report.) Highlights from the report include the following: Overall change nationwide from the period in July 2011 to July 2012 was +0.4 […]
November 26, 2012
Roadbuilding
Vehicle and engine importers to pay civil penalty to resolve Clean Air Act violations
The U.S. Environmental Protection Agency (EPA) and the Department of Justice have settled with two former importers of highway motorcycles, recreational vehicles, and small spark ignition engines. The defendants, Yuan Cheng International Group, Inc. (YCIG) and NST, Inc. (NST), located in Montclair, Calif., allegedly imported and sold vehicles and engines from China in violation of […]
November 15, 2012
Roadbuilding
MAP-21 and Transportation’s Fiscal Cliff: What does it all mean?
The nation’s economy is on a “fiscal cliff.” But how does this affect the U.S. infrastructure system, namely the new highway bill, Moving Ahead for Progress in the 21st Century, or MAP-21 for short? Jack Schenendorf, a transportation policy veteran who served 25 years on the staff of the House Committee on Transportation and Infrastructure, […]
November 15, 2012
Roadbuilding
Illinois Tollway awards $31 million in construction management, design contracts
The Illinois Tollway Board of Directors has approved three contracts worth $31.1 million for construction management for the Jane Addams Memorial Tollway (I-90) Rebuilding and Widening Project and design services for the Elgin O’Hare Western Access Project as part of the Tollway’s 15-year, $12 billion capital program, Move Illinois: The Illinois Tollway Driving the Future. […]
November 15, 2012
Roadbuilding
U.S. DOT providing 12 million in Quick Release Emergency Relief Funds for Hurricane Sandy Damage in New Jersey and Connecticut
U.S. DOT providing 12 million in Quick Release Emergency Relief Funds for Hurricane Sandy Damage in New Jersey and Connecticut
November 6, 2012
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