Tag: Highway Trust Fund: Page 26

Roadbuilding

Martin Marietta reports huge 2nd quarter profits

Martin Marietta Materials has reported strong second quarter earnings of $1.34 per share compared to 89 cents per share in the second quarter of 2013. Revenue for the company totaled $669.2 million, up from $561.3 million during the same period last year. Net sales hit a record $601.9 million, up from $507.1 million. The company […]

July 31, 2014

Roadbuilding

Senate passes highway bill, vote sent back to house

The Senate has voted to pass a bill that would keep money flowing into the Highway Trust Fund for at least a few more months. The bill was in response to one that the House passed earlier in July. There were key legislation changes to the bill passed by the Senate which means a vote […]

July 30, 2014

Roadbuilding

President Obama to urge for private investments

If a multiyear solution to the Highway Trust Fund is unable to be reached, President Barack Obama will look into private investors to help fix roads and bridges around the country. That would likely mean more tolls for drivers as companies will look for ways to profit off of their investments. “There are lots of […]

July 21, 2014

Business

House passes $10.8 billion quick fix as highway construction funding nears insolvency

The House on Tuesday passed a nearly $11 billion quick fix that would stave off the looming insolvency of the Highway Trust Fund (HTF), the primary source of federal funding for road construction and repairs. The bill passed a week after the White House and transportation officials urged lawmakers to try and find a long-term […]

July 16, 2014

Roadbuilding

House approves $11 billion trust fund patch

The House has passed a $11 billion plan to pay the federal government’s share of road and bridge repairs for the next 10 months. With time –and money – running out, the House recognizes that immediate action is needed. It voted 367-55 to pass the measure. The Senate is also expected to pass the bill […]

July 15, 2014

Roadbuilding

Death rates may speed up highway funding

If Congress thinks it can take its time creating a new highway funding plan, it may be forced to think again. A recent report shows America’s rural roads have significant deficiencies and high fatality rates. The report indicates deaths on rural roads are happening at a rate three times higher than all other roads and […]

July 11, 2014

Roadbuilding

10 States in dire need of Highway Trust Fund

The end of the federal Highway Trust Fund appeared imminent until recently and transportation officials from throughout the United States were panicking. Congress hadn’t been close on a new funding plan until Thursday afternoon when the House Ways and Means Committee proposed a $10.5 billion, eight-month transportation funding bill. However, several critical highway, bridge and […]

July 11, 2014

Business

House panel’s proposed $10.5 billion stopgap for highway funding meets disapproval of Senators, AEM

The House Ways and Means Committee has proposed a stopgap to fund transportation projects for eight months, but Sens. Barbara Boxer (D-Calif.) and Tom Carper (D-Del.) are opposing the plan. According to a report from The Hill, the Ways and Means Committee have proposed a $10.5 billion, eight-month funding bill that would extend transportation funding […]

July 10, 2014

Roadbuilding

House panel proposes $10.5 billion stopgap for transportation; Sens. Boxer, Carper oppose plan

The House Ways and Means Committee has proposed a stopgap to fund transportation projects for eight months, but Sens. Barbara Boxer (D-Calif.) and Tom Carper (D-Del.) are opposing the plan. According to a report from The Hill, the Ways and Means Committee on Tuesday proposed a $10.5 billion, eight-month funding bill that would extend transportation […]

July 9, 2014

Business

White House, transportation leaders push Congress to find a long-term highway funding solution sooner rather than later

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. White House press secretary Josh Earnest […]

July 9, 2014

Roadbuilding

White House, transportation leaders push Congress to find highway funding solution

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. Related: VIDEO: What lawmakers are saying about […]

July 8, 2014

Roadbuilding

Why Alaska DOT isn’t sweating U.S. DOT’s upcoming reimbursement plan

Many state transportation agencies are likely getting nervous about a new reimbursement plan from the U.S. Department of Transportation, set to begin in less than a month. But the Alaska Department of Transportation and Public Facilities (AKDOT&PF) isn’t worried, Juneau Empire reports. The U.S. DOT announced last week that it plans to reduce the amount […]

July 7, 2014