The Dodge Momentum Index rose in December, increasing 4.0 percent from a revised 123.8 in November to 128.7 in December according to Dodge Data & Analytics.
Construction spending edged down in November but outlays for the year remained on track for a modest increase over 2013 totals, according to an analysis by the Associated General Contractors of America (AGC). Association officials said the new spending figures come as the group's members prepare a new push for action on a series of federal infrastructure programs, including funding for highway and transit upgrades and to maintain clean water systems across the country.
Amboy Aggregates, a joint venture between Great Lakes Dredge & Dock Co. LLC and Ralph Clayton and Sons Materials L.P., announced the on Dec. 31, 2014, sale of real estate owned by the joint venture.
Incoming chairman of the Senate Environment and Public Works Committee Jim Inhofe (R-Okla.) outlined his top two priorities – passage of a long-term highway bill and reining in EPA regulations, according to the National Stone, Sand and Gravel Association.
Sen. Bernie Sanders (I-Vt.) said that he will introduce legislation to authorize a $1 trillion, multi-year program to rebuild crumbling roads and bridges and invest in other infrastructure modernization projects.
Read more: Hot Topics: $1 Trillion for Roads, Gas Tax Hike, Tax Repatriation
