Lucy Perry – CEG CORRESPONDENT - Mon November 15, 2021
President Biden Signs $1.2T Infrastructure Bill — Here's What's in It
U.S. construction stands to gain mightily now that President Joe Biden has signed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act into law. But the industry's collective sigh of relief may become nervous tapping as it prepares for work on much-needed infrastructure projects....
BDC Network - Tue November 02, 2021
AGC: Utah Adds Most Construction Jobs Since Pandemic
Only 14 states and the District of Columbia have added construction jobs since just before the start of the pandemic in February 2020, according to a new analysis of federal employment data released by the Associated General Contractors of America....
Lucy Perry – CEG CORRESPONDENT - Wed October 06, 2021
Facing, Recovering From Economic Perfect Storm
The construction industry is doing its level best to deal with a rare triple punch: Unusually high and rising materials costs, a massive supply-chain bottleneck and decreasing demand for projects. The ripple effect of these challenges could weaken the contractor community, but a heavy dose of cooperation and communication is helping many to navigate the challenges....
AEM - Mon September 13, 2021
2021-2022 Construction Economic Forecast
The pandemic effectively ended the longest period of expansion in the U.S. economy since World War II and is negatively affecting many industries, weakening the economy, decreasing GDP and causing a lot of uncertainty in the markets....
Lori Tobias – CEG Correspondent - Thu September 09, 2021
Maine-Based AIT Bridges Discusses Infrastructure Bill
Hailed as the largest long-term investment in the nation's infrastructure in nearly a century, the $1.2 trillion Bipartisan Infrastructure Framework covers funding for a broad range of future projects, none the least of which is the $109 billion for the nation's surface transportation system....
AEM - Tue September 07, 2021
Construction Equipment Economic Outlook: Stability is on the Horizon
Fiscal stimulus has played a pivotal role in helping the U.S. economy recover. Over the next couple of years, though, additional proposals carry a lot of potential for the construction industry in particular....
ReBuild SoCal - Mon August 23, 2021
Rebuild SoCal Partnership Applauds Infrastructure Report
Rebuild SoCal Partnership (RSCP) applauded a first-of-its-kind report that finds that upcoming spending on federal, state and local transportation infrastructure will generate nearly $200 billion in economic activity in California annually over the next decade and will support 700,000 jobs per year....
Lucy Perry – CEG CORRESPONDENT - Wed June 30, 2021
Infrastructure Plan Could Boost Construction
Contractors around the country are hoping that President Joe Biden's infrastructure plan will mean a boost to the U.S. economy, a plethora of jobs and demand for construction machines, parts and equipment-related supplies and services....
ARTBA - Mon June 28, 2021
America's Economy Rides on Interstate Highways
The development of the 48,000-mi. Interstate Highway System (IHS) has been a driving factor in a 340 percent growth in the nation's gross domestic product over the past 65 years from $3 trillion to today's $19 trillion, according to research from the Washington, D.C.-based American Road & Transportation Builders Association (ARTBA)....
ARTBA - Mon May 24, 2021
Freight Bottlenecks Are a $42B Hidden Cost On U.S. Economy, Federal Data Shows
Freight bottlenecks cost the U.S. economy more than $42 billion in 2019 — a hidden tax on the American people that is only likely to increase as the country fully opens, according to a review of Federal Highway Administration (FHWA) data....
