Revealing Study Details Downstream Economic Benefit of Transportation Funding

A first-of-its-kind study conducted by forecasting company IHS Inc. outlines the economic benefits of federal highway and transit investment programs on every sector of the U.S. economy. The report was released during a transportation-media conference call on Dec. 10.

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Peter DeFazio

Rep. Peter DeFazio (D-Ore.), a senior member of the House Transportation and Infrastructure Committee, detailed at the Rally for Roads new legislation that would save the Highway Trust Fund from insolvency. HR 4848,“The Repeal and Rebuild Act,” is a long-term solution that he said would create American jobs, fix the nation’s crumbling infrastructure, and finally break our transportation funding impasse.…

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Construction Unemployment Lowest in Six Years

Construction employers added 6,000 workers to payrolls in May as the industry’s unemployment rate dropped to 8.6 percent, its lowest May level in six years, according to an analysis of new government data by the Associated General Contractors of America. However, association officials cautioned that gains remain spotty and that thousands of highway construction jobs are at risk because of…

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Ryan Budget Proposal Advocates Cuts

Rep. Paul Ryan’s just-released budget would limit expenditures from the Highway Trust Fund to the dwindling revenues generated by the federal gasoline tax, but give states increased flexibility to pay for their highway projects, perhaps through keeping and spending the gas taxes collected in their state instead of sending them to Washington. The plan amounts to a decentralization of transportation…

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