Tag: economics: Page 2

California allocates to $897 million for transportation projects

The California Transportation Commission (CTC) allocated $897 million to 170 transportation projects statewide, including $157 million from Proposition 1B, a transportation bond approved by voters in 2006, and $49 million from President Obama’s American Recovery and Reinvestment Act of 2009 (ARRA), more commonly known as the stimulus. The remaining $691 million in allocations came from […]

July 7, 2010

NAPA holds Congress accountable for reauthorization inaction

With the construction industry continuing to shed jobs, the National Asphalt Pavement Association (NAPA) has mounted a campaign to mobilize the asphalt pavement industry and hold Congress accountable for its inaction on the surface transportation bill. Lack of such legislation is widely seen as contributing to the still gloomy jobless numbers posted today by the […]

July 2, 2010

TRIP report released tomorrow on Arkansas surface transportation system

TRIP will release a new report that evaluates the current condition, use and funding of Arkansas’ surface transportation system at a news conference in Little Rock tomorrow at 10 a.m. CDT. The report, “Future Mobility in Arkansas: Meeting the State’s Need for Safe and Efficient Mobility,” analyzes road and bridge conditions, traffic congestion, economic development and […]

June 7, 2010

Granite Construction Q1 results: Revenue down 36 percent

Granite Construction today reported a net loss of $41.0 million, or $1.09 per diluted share, for the first quarter of 2010 compared with net income of $8.9 million, or $0.23 per diluted share, for the first quarter of 2009. Below is a snapshot of the results, followed by a more detailed report: Revenue down 36 […]

May 3, 2010

Cat’s Q1 report increases its 2010 sales, profit outlook

Caterpillar Inc. today reported a first-quarter profit of $0.36 per share, up $0.55 per share from a loss of $0.19 per share in the first quarter of 2009. Excluding a tax charge of $90 million related to the recently signed U.S. health care legislation, profit in the first quarter of 2010 was $0.50 per share. […]

April 26, 2010

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

$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

$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

Illinois governor unveils six-year, $12.84 billion road plan

The Illinois Department of Transportation (IDOT) officials and Illinois Gov. Pat Quinn yesterday unveiled a $12.84 billion Multi-Year Highway Improvement Program for Fiscal Years 2011-2016. The proposed program includes a $30.8 million bridge rehabilitation and interchange reconstruction project at I-55 at Central Avenue in Chicago, which is expected to create 612 direct and indirect jobs. […]

April 16, 2010

California Transportation Commission allocates $357 million after state bond sale

Freeway and rail projects throughout Orange County, California, received a financial boost Wednesday when the California Transportation Commission allocated more than $357 million to fund construction. The commission allocated the money as a result of state bond sales last month. The projects are part of the voter-approved Proposition 1B and Proposition 116 bond programs to […]

April 8, 2010

Granite to announce Q1 2010 results on May 3

Granite Construction Inc. announced today that it will release its first quarter 2010 financial results after the close of business on Monday, May 3, 2010. The company will host a conference call on Tuesday, May 4, 2010 at 8 a.m. PT/11 a.m. ET. The live conference call may be accessed by calling 877-693-6483 and 706-758-5304 for […]

April 5, 2010

Unemployment rates up from January to February in 27 states, down in seven states

Seasonally adjusted unemployment rates increased from January to February in 27 states, decreased in seven states and the District of Columbia, and remained unchanged in 16 states, the Bureau of Labor Statistics (BLS) reported on March 26, according to the Associated General Contractors of America (AGC) Data DIGest report. Compared to February 2009, jobless rates […]

March 30, 2010

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