PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram
Search the site

 

Get the latest FREE eResource Blasting Resource Guide Download Now

Coatings Industry News

Main News Page


U.S. Bridge, Highway Contracts Slump

Tuesday, September 2, 2014

More items for Program/Project Management
More items from North America

Comment | More

State and local government awards for highway and bridge work have declined by nearly 14 percent in the first half of 2014, compared with the same period last year, a new analysis shows.

State and local governments awarded $29.8 billion in highway and bridge work between January and June 2014, compared to $34.6 billion during the same time period in 2013, when adjusted for material costs and inflation, according to an American Road & Transportation Builders Association (ARTBA) analysis of data from McGraw Hill.

Phill G. McDonald Bridge
Eric Sakowski / highestbridges.com

The pipeline for bridge and highway work has slowed, but West Virginia has three projects, including the Phill G. McDonald Bridge, up for bids until Sept. 9.

Worse, ARTBA says, the slowdown continued into the summer construction season, when state and local governments put out most of their awards.

Trust Bust

One culprit, according to ARTBA, is uncertainty over the future of the federal Highway Trust Fund.

Although Congress approved a stopgap spending measure for the fund shortly after ARTBA released its analysis, the U.S. Department of Transportation and other advocates have been disappointed at Congress's failure to secure a multiyear appropriations package, and the uncertainty over federal transportation funding persists.

The $10.8 billion measure, signed into law Aug. 8, will expire in 10 months.

At least 35 states were warning of project delays or cancellations on the eve of the law.

CBO Warnings

Meanwhile, in June, the Congressional Budget Office (CBO) reported that the Highway Trust Fund, which channels some $50 billion a year in grants through state and local governments, had spent $52 billion more than it took in in the last 10 years. The CBO said that gap would grow to $167 billion from 2015 to 2024 at current rates.

ARTBA Chart
ARTBA

Half of U.S. states are awarding fewer bridge and highway contracts than they did a year ago. Contract activity in five other states was flat.

And in August, the CBO projected: "Beginning in fiscal year 2015, CBO projects, revenues credited to the highway and transit accounts of the Highway Trust Fund will be insufficient to meet the fund's obligations."

Widespread Slowdown

Meanwhile, the construction slowdown is widespread, with 25 states awarding fewer highway and bridge contracts by June 2014 than they did a year ago, according to ARTBA. Awards were up in 21 states and Washington, D.C., and programs were fairly flat in five states, either up or down within five percent.

Contract awards are a leading indicator of future work in the industry as projects get underway.

Detailed data by state and mode is available as part of ARTBA’s market subscription reports.  For more information, contact ARTBA’s Lital Shair.

   

Tagged categories: Bridges; Construction; Contracts; Federal Highway Administration (FHWA); Government; Government contracts; Roads/Highways

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Detail Masters
 
Overspray Removal
 
We offer professional, turnkey service and unparalleled quality!
Our process can save hundreds— even thousands of dollars. It's fast, environmentally safe and 100% guaranteed.
 

 
SABRE Autonomous Solutions
 
Safety, Productivity, Quality. Robotic Blasting
 
Learn how this simple to use, field deployed, automatic robot is eliminating hazards in major confined, cluttered and complex surface preparation projects.
 

 
SAFE Systems, Inc.
 
Custom blast rooms
by SAFE Systems
 
Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the system that best fits your requirements.
Call 1-800-634-7278
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
Termarust Technologies
 
Termarust (HR CSA) Chemically Stops
Active Corrosion
 
Arch truss treated with Termarust's (HR CSA) in 2003. This steel arch bridge is rust free on all surfaces including the crevice corroded joints and connections.
 

 
W Abrasives
 
Steel Abrasives from
W Abrasives
 
As the global leader in steel abrasives, W Abrasives material is the efficient and eco-friendly solution blasting with you to reach the perfect profile.
 

 
Atlantic Design, Inc.
 
GOING BEYOND INDUSTRY STANDARDS
 
The ADI HD40 Dust Collector is a smaller, more economical way to meet/ exceed Industry standards. Watch the video for details on our website. 866.Call.ADI
 

 
Safway Services
 
Safeguard Assets. Ensure Productivity. HAKI®
 
Protect assets and equipment. Keep facilities open and operational. Maintain schedules regardless of weather. Ensure smooth and continuous production. Easy to erect. Safway is the primary distributor of HAKI® products including HAKISPAN and HAKITEC® 750 – in North America.
 

 
HoldTight Solutions Inc.
 
NO FLASH RUST - NO CONTAMINANTS
 
Our HoldTight®102 salt remover & flash rust
preventer prevents flash
rust by removing surface contaminants. Contact us
for your nearest distributor.
(800) 319.8802 sales@holdtight.com
 

 
Fischer Technology Inc.
 
MP0R with rotating display screen
 
Automatic rotating display screen just like your smart phone. Click for Video
Call 800-243-8417
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us