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SC transportation panel sees it a bit differently than state governor
Last week, South Carolina Governor Nikki Haley put forth a set of proposals aimed at addressing the state's widespread roads and bridges deterioration in light of concomitant funding limitations.
January 28, 2015 – Roads & Bridges

80 Percent of Construction Firms Plan to Add Employees in 2015
Eighty percent of construction firms plan to expand their payrolls in 2015 while only 7 percent expect to reduce headcounts according to survey results released by the Associated General Contractors of America.
January 27, 2015 – Compact Equipment

Home Builder Confidence Holds Steady in January
Builder confidence in the market for newly-built single-family homes declined one point to 57, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. This marks the third straight month that the index has hovered in the upper 50s range.
January 23, 2015 – Compact Equipment

PennDOT Approves P3 Contract for Replacement of 558 Bridges
PennDOT awarded contractor Plenary Walsh Keystone Partners the P3 contract for the $899 million rapid-bridge replacement project in October of 2014, and the final contract was signed on January 12, 2015. Plenary Walsh will replace 558 bridges by the end of 2017.
January 22, 2015 – forconstructionpros.com

Missouri focuses its roads planning
With all of the recent, and one might suppose perpetual, news regarding road and bridge infrastructure funding, one state is attempting to maintain and improve its own roads and bridges while anticipating the curtailed resources with which it will be able to do so.
January 16, 2015 – Roads & Bridges

Construction Firms Add 48,000 Jobs in December
Construction employers added 48,000 jobs in December and 290,000 for the year, the largest annual increase since 2005, as the sector's unemployment rate fell to 8.3 percent, according to an analysis by the Associated General Contractors of America.
January 15, 2015 – Compact Equipment

IL Governor Suspends Planning, Development of All Major Interstate Projects
In order to carefully review the costs and benefits, Illinois Governor Bruce Rauner has issued an executive order that suspends planning and development of any major interstate construction projects, including the Illiana Expressway.
January 15, 2015 – forconstructionpros.com

Gov. Rick Snyder signs $1.3 billion plan for Michigan roads
Gov. Rick Snyder has signed a transportation infrastructure bill to spend $1.3 billion more per year to help fix Michigan's deteriorating roads and other transportation infrastructure.
January 13, 2015 – Better Roads

Maine's LePage unveils $2 billion transportation plan
Maine travelers should prepare to see $470 million worth of improvements and maintenance on the state's transportation infrastructure this year which is part of a three-year plan unveiled by Gov. Paul LePage earlier this week.
January 13, 2015 – Better Roads

Construction Industry Has Only Recovered 30% of Jobs Lost
The construction industry lost 2.2 million jobs between 2006 and 2010. While the industry is ramping up hiring and wage growth, it has still only recovered 30 percent of those jobs lost.
January 12, 2015 – forconstructionpros.com

November Construction Jumps 13 Percent
At a seasonally adjusted annual rate of $677.8 billion, new construction starts in November climbed 13 percent from the previous month, according to Dodge Data & Analytics (formerly McGraw Hill Construction).
December 19, 2014 – Rock Products

2015 economic outlook forecasts 6% growth in equipment investment
Investment in equipment and software is expected to grow 6 percent in 2015, driven by a steadily improving economy, according to the Annual 2015 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation (Foundation).
December 18, 2014 – Compact Equipment

Confidence in the Equipment Finance Industry Remains Steady in December
The Equipment Leasing & Finance Foundation (the Foundation) released the December 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), which showed confidence in the equipment finance market is 63.4, steady with the November index of 64.2.
December 17, 2014 – forconstructionpros.com

Iowa governor determined to find funding solution
Iowa Gov. Terry Branstad believes there is a bucket full of solutions for his state's road and bridge funding woes, and he is determined find one that will receive bipartisan support. You could call it Iowa's Bucket Challenge of 2015.
December 16, 2014 – Roads & Bridges

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.
December 10, 2014 – Rock Products

ABC Predicts Continued Construction Industry Growth in 2015
Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015.
December 10, 2014 – Compact Equipment

$163 billion needed annually to fix aging surface transportation system
It's being estimated that an investment of $163 billion per year is needed in order to fix the nation's deteriorating surface transportation system, according to the "2015 Bottom Line Report" on transportation investment needs, released by the American Association of State Highway and Transportation Officials and the American Public Transportation Association.
December 9, 2014 – Better Roads

3 Trends Holding Down Construction Growth
See what 3 trends are holding back growth in the construction industry, according to Ken Simonson, Chief Economist for the Associated General Contractors.
December 8, 2014 – Associated General Contractors

3 Factors Driving Growth in Construction
Ken Simonson, Chief Economist at the Associated General Contractors tell the three factors driving growth in the construction industry.
December 8, 2014 – Associated General Contractors

Dodge Momentum Index rises in November
The Dodge Momentum Index increased in November, rising to 125.0, which is up from .6 percent from October's reading of 124.3, according to Dodge Data & Analytics.
December 5, 2014 – Pit & Quarry

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