Rock Products - The Leading Voice of the Aggregate Industries.

Will Senate Finally Tackle Highway Bill?

On Tuesday, July 8, Sen. Mitch McConnell (R-Ky.) said that the Senate could consider a highway bill as early as the week of July 15, and reiterated that the Senate would not recommend increasing the fuel user fee to fund the bill, according to the National Stone, Sand and Gravel Association (NSSGA).

Read more: Will Senate Finally Tackle Highway Bill?

Americans Using Roads at Record Levels

The American Road & Transportation Builders Association (ARTBA) says that if Congress needs another reason for enacting a robust, multi-year highway and public transit investment bill, a new report from the Federal Highway Administration (FHWA) provides one – vehicle miles traveled (VMT) in the U.S. continue to climb and are on pace for a record-setting year.

Read more: Americans Using Roads at Record Levels

Dodge Momentum Index Declines in June

The Dodge Momentum Index fell to 118.3 (2000=100) in June, down 1.3 percent from 119.9 in May, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

Read more: Dodge Momentum Index Declines in June