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TRIP Report Details Ohio's Transportation Challenges

Ohio’s transportation system faces challenges in the form of deteriorated roads and bridges, high rates of rural traffic fatalities, increasingly crowded roads, and insufficient funding to proceed with projects needed to support economic development. Increased investment in transportation improvements at the local, state and federal levels could improve road and bridge conditions, boost safety, increase roadway efficiency and support long-term economic growth in Ohio, according to a new report released by TRIP, a Washington, DC based national transportation organization.

 

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Construction Spending Increases in May; Highways Rise

The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8 percent (±1.5 percent) above the revised April estimate of $1,027.0 billion. The May figure is 8.2 percent (±2.0 percent) above the May 2014 estimate of $957.6 billion.

 

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Construction Slated to Grow 5 Percent in 2015

Construction activities are expected to grow at 5 percent in 2015, leveling off from the previous forecast of 8 percent in Q1 2015, according to the Q2 Construction Outlook released by FMI Corp.

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ARTBA's Ruane Tells Congress to Raise Gas Tax

Restoring purchasing power for the federal surface-transportation investment program is a worthy pro-growth national goal, said American Road & Transportation Builders Association (ARTBA) President and CEO Pete Ruane in a letter to House Ways & Means Committee Chairman Paul Ryan (R-Wis.) and the committee’s Ranking Democrat Sander Levin (Mich.).

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Nonmetallic Mineral Products Index Increases in May

The nonmetallic mineral products industry leading index increased 1.1 percent to 243.6 in May from a revised 240.9 in April, and its six-month smoothed growth rate rose to 2.6 percent from a revised 0.7 percent in April. The six-month smoothed growth rate is a compound annual rate that measures the near-term trend, according to the U.S. Geological Survey.

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