Tag: highway funding: Page 3

Roadbuilding

Azuga selected for Wash. pay-per-mile experiment, will test interstate links

Azuga, a global provider of connected vehicle and fleet technologies, has been selected as a vendor for an experimental program in Washington that’s exploring whether a road usage fee, rather than a gas tax, might be a better way to fund transportation infrastructure. The Washington Road Usage Charge Pilot Project is being launched to assess whether drivers could […]

February 27, 2018

Dealers

In strong construction market, H&E reports 20.6% revenue hike for 4Q 2017

H&E 4Q earnings at a glance: Revenues gained by 20.6 percent Net income hit $85.9 million Rental revenues climbed 10.9 percent New equipment sales rose 65.9 percent  Used equipment sales up 28.8 percent Gaining momentum in rental and distribution businesses, H&E Equipment Services is reporting a hefty 20.6 percent gain in revenues to $294.7 million […]

February 22, 2018

Roadbuilding

Trump backs 25-cent gas tax hike, but Congress appears reluctant

President Trump is backing a 25-cent federal gas tax increase to help pay for his infrastructure plan. The infrastructure plan calls for an additional $200 billion in funding spread over 10 years. It also seeks to attract $1.3 trillion in state, local and private funding. Trump posed the 25-cent increase February 14 during a meeting […]

February 19, 2018

Roadbuilding

Conn. governor: Lacking federal help, state must move ahead with critical transportation investments

Connecticut Gov. Dannel P. Malloy has released the outline of his administration’s revenue package to stabilize the Special Transportation Fund (STF) and allow for critical investments in the state’s transportation system. He says his plan for the STF would restore canceled state and municipal projects across Connecticut and “prevent drastic increases” in rail and bus fares and […]

February 5, 2018

Roadbuilding

Concrete pavement market seeing its biggest improvement in 5 years

The concrete pavement market is on pace for significant improvement in 2018 – and it comes amid industry optimism for a new federal gas tax and innovative infrastructure funding, according to the American Concrete Pavement Association (ACPA). Gerald Voigt, ACPA’s president and CEO, says there’s a strong market outlook fueled by the steadily rising use […]

January 29, 2018

Roadbuilding

House tax reform disregards highway funding, ARTBA says

A national transportation association says the U.S. House “has dropped the ball” on highway funding with its new tax bill. The bill, designed to provide corporate and individual tax relief, fails to address the Highway Trust Fund, which the American Road & Transportation Builders Association says will become insolvent in 2021. ARTBA also said in […]

November 21, 2017

Roadbuilding

No growth in FY17 for Highway Trust Fund excise tax receipts

Government receipts from all excise taxes in the Highway Trust Fund showed no overall growth in the federal fiscal year that ended September 30. That’s because a big drop in retail taxes on commercial trucks more than offset slight fuel-tax gains, according to the American Association of State Highway and Transportation Officials (AASHTO). The association […]

November 2, 2017

Roadbuilding

Six states awarded $15.5 million in federal grants to explore new ways to pay for highways

Six states have been awarded $15.5 million in federal grants to explore new ways to fund highway and U.S. bridge projects, which the Federal Highway Administration calls “imperative.” The agency points to the Highway Trust Fund’s “gradual inability to keep pace with increasing construction and repair costs nationwide” as the reason we need alternatives to […]

October 24, 2017

Roadbuilding

Funding shortfall, no new gas tax halts highway projects in Hawaii

The Hawaii Department of Transportation is halting work on 66 highway projects due to lack of funding, which the agency blames partially on the lack of a new gas tax coming from state legislators, according to a report by Hawaii News Now. The Highways Division only has funds to work on six projects above needed […]

August 5, 2016

Roadbuilding

S. Carolina DOT slates 10 bridges for replacement

The South Carolina Department of Transportation (SCDOT) has slated 10 substandard bridges on state roads in Pickens County to be replaced, thanks to the roads legislation adopted by the Legislature this year, Greenville Online reports. The new legislation will generate $950 million over the next 10 years to replace 400 deficient bridges statewide and will allow the agency […]

July 8, 2016

Roadbuilding

Gov. Haley signs into law S. Carolina’s $2.2 billion highway funding bill

South Carolina Gov. Nikki Haley has signed into law S. 1258, an infrastructure funding bill that allows the state to borrow $2.2 billion over 10 years to help fund highway projects for the South Carolina Department of Transportation (SCDOT). “SCDOT can now move forward with the planning and development of several projects and needed repairs […]

June 10, 2016

Roadbuilding

Michigan DOT’s 5-year transportation plan includes $6.8 billion for highway restructuring and repair

In November, Michigan passed a $1.2 billion road funding law that will raise money for the Michigan Department of Transportation (MDOT) through fee hikes, fuel tax increases, and budgetary shifts. Although full funding through that law won’t be available until 2021, mLive reports, when $600 million from the state general fund begins transferring to MDOT, there’s still a […]

April 12, 2016