Congress passed temporary funding to continue road, highway and bridge construction, but once again punted on a multiyear reauthorization that includes a sustainable funding mechanism, according to the National Stone, Sand and Gravel Association.
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Patching the Pothole
July 16, 2014 – This is akin to patching potholes rather than replacing a section of highway. The U.S. House of Representatives voted 365 to 55 on July 15 to transfer from the General Fund $10.8 billion into the Highway Trust Fund, extending current highway and transit policy and funding through May 31, 2015. The 10-month patch would be paid for…
Read MoreARTBA Has Message for ConExpo-Con/Agg Attendees
With federal highway and bridge funding to the states in jeopardy later this year, the American Road & Transportation Builders Association (ARTBA) is using the March 4-8 ConExpo-Con/Agg trade show in Las Vegas — one of the largest gatherings of U.S. transportation design and construction professionals in the world — to tell members of Congress to fix the Highway Trust…
Read MoreJanuary Construction Slides 13 Percent
The value of new construction starts fell 13 percent in January to a seasonally adjusted annual rate of $485.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed a healthy performance in December, which was the third highest month for total construction starts during 2013.
Read MoreAASHTO President: States, Construction, Economy at Risk
The impending insolvency of the federal Highway Trust Fund poses a threat to state budgets, the construction industry and the overall economy that is real and that is even closer than originally estimated, according to Mike Hancock, American Association of State Highway and Transportation Officials’ president and secretary of the Kentucky Transportation Cabinet.
Read MoreGovernors Demand Congressional Action
A bipartisan group of governors is calling on Congress to take immediate action to avoid a looming national crisis – the expiration of national highway funding. Seventeen governors signed a letter urging congressional members to act and avoid a potential nationwide transportation funding crisis.
Read MoreFMI Releases Q4-2013 Construction Outlook Report
FMI released its Q4-2013 Construction Outlook. The forecast predicts 2013 to end with 7 percent growth for the construction industry as a whole. Final statistics for construction-put-in-place will be available April 2014.
Read MoreConstruction Spending Up in November
The U.S. Census Bureau of the Department of Commerce reported that construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion, 1.0 percent (±1.6 percent) above the revised October estimate of $925.1 billion. The November figure is 5.9 percent (±2.0 percent) above the November 2012 estimate of $882.7 billion.
Read MoreOff-Highway Diesel Prices
The national estimated average price-per-gallon for off-highway diesel fuel as of Dec. 30 is $3.658. That is higher than the previous comparison price-per-gallon of $3.611.
Read MoreNovember Construction Retreats; Residential Still Up
At a seasonally adjusted annual rate of $524.8 billion, new construction starts in November fell 11 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed heightened activity in October, which showed the strongest pace for construction starts so far during 2013.
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