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

 

Advertisement

PaintSquare


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
 
International Bridge Conference
 
2017 International Bridge Conference
 
June 4-8, 2017, National Harbor, Maryland
 

 
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
 
Removing blasting operators from harmful environments is our key objective.
 

 
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
 

 
W Abrasives
 
Optimize your blasting process and operations!
 
Blasting is a complex process that goes above and beyond the simple question of the shot used, no matter how innovative and efficient it is. W Abrasives is there to help.
 

 
Absolute Equipment/Grand Rental Station
 
TIER 4 EQUIPMENT
 
We have Tier 4 Equipment including Air Compressors & Generators for Sale & Rent! Your job may now require Tier-4. www.absoluteequip.com or Call 412-931-6655.
 

 
Abrasives Inc.
 
Discover the MAGIC.
 
Black Magic® coal slag. It’s consistent, cleaner, cuts better, less dust. Get it where you need it, when you need it. Abrasives Inc. info@abrasivesinc.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.
 

 
Safway Services
 
Your Access Advantage. QUIKDECK®
 
Provides safe, factory-floor-like working conditions. Can be engineered to fit almost any shape, structure or size. Modular platform easily assembled from just a few basic components. Excellent containment. Applications include vessels, offshore rigs and bridges.
 

 
Atlantic Design, Inc.
 
BUILDING INNOVATION, NOT IMITATION
 
The smallest version of our Blast Vacuum Recyclers, this ADI 2300CFM 2-Pot is a cleverly designed power package for those smaller jobs. 866.Call.ADI
 

 
 
 

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