Dodge Construction Network Outlook 2024 Report Predicts Growth

After a year in which the economy and starts slowed considerably, the coming year should provide a transition to stronger growth for construction, according to the Dodge Construction Network’s (DCN) Outlook 2024 economic report. In 2024, total construction starts are expected to gain 7% to $1.2 trillion after growth slowed to just 1% in 2023 (and was down 2% after…

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Infrastructure Law Turns Two; Impact Felt Across America

States have committed federal funds to support more than 56,000 eligible transportation improvements in all 50 states during the last two years, spanning nearly every U.S. county, according to a review of the latest available federal data conducted by the American Road & Transportation Builders Association (ARTBA). President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law November 15, 2021. To…

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ARTBA: 222,000 U.S. Bridges Need Repair

More than 222,000 U.S. bridges need major repair work or should be replaced, according to the American Road & Transportation Builders Association’s (ARTBA) analysis of the recently released U.S. Department of Transportation (U.S. DOT) 2023 National Bridge Inventory (NBI) database. That figure represents 36% of all U.S. structures. If placed end-to-end, these bridges would stretch over 6,100 miles and take…

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NSSGA Applauds VMT Pilot Initiative

The Infrastructure Investment and Jobs Act of 2021 (IIJA) requires the U.S. Secretary of Transportation to establish a national pilot to “test the design, acceptance, implementation and financial sustainability” of a Vehicle Miles Traveled (VMT) fee system. It requires the creation of a Federal System Funding Alternative Advisory Board that will provide an annual report to Congress and ultimately create…

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NSSGA Member Testifies on IIJA Implementation at House T&I Hearing

National Stone, Sand & Gravel Association (NSSGA) member Dwayne Boyd, president of the Midsouth Region, CRH Americas, served as a witness during the “Reviewing the Implementation of the Infrastructure Investment and Jobs Act” hearing, which was held by the House Transportation & Infrastructure (T&I) Highways and Transit Subcommittee. Boyd started out by thanking the Committee for their work in passing IIJA and…

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Feds Fund Transportation, Add Flexibility

Jan. 5, 2023 – The California Construction and Industrial Minerals Association (CalCIMA) reports that with the President’s signature on the recently passed Omnibus Spending bill, it ensures that funds for the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) will go to state and local governments this year. In addition, the legislation adds an amendment from Sens. Alex…

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The Pulse

Announcing the New Rock Products/Allen-Villere Partners Construction Materials Report and AVP Pulse Index. By Pierre G. Villere This month marks the launch of The Pulse and the AVP Pulse Index, a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products, the aggregates industry’s leading source for market analysis and technology solutions.  The Pulse will appear quarterly in…

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Nearly 25,000 Transportation Projects Started in Year-One of Infrastructure Law

States leveraged their fiscal year 2022 federal highway formula funds to jumpstart nearly 25,000 new improvement projects in communities across America during the first year of the Infrastructure Investment and Jobs Act (IIJA), a review of U.S. Treasury Department data through Aug. 31 shows. “A key takeaway from the Treasury data is that the bipartisan infrastructure law is working in…

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ARTBA: Federal Investments in Infrastructure Law ‘Working as Intended’

Twenty-nine thousand transportation improvement projects are moving forward thanks to year-one Infrastructure Investment and Jobs Act (IIJA) funding, American Road & Transportation Builders Association (ARTBA) President and CEO Dave Bauer told Senators Nov. 30 during testimony before the Environment & Public Works (EPW) Committee. “Though each project has a unique story of need and solution, they are all tangible illustrations…

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