The Federal Highway Administration (FHWA) signed the Illiana Corridor Tier Two Record of Decision, marking the completion of the project’s environmental planning phase. With the issuance of the Record of Decision, the FHWA supports the transportation need for the project, approves the analysis of its environmental impacts, as well as any mitigation efforts, and concurs with the selected route alternative for the new 50-mile highway facility connecting Interstate 55 near Wilmington, Ill., with Interstate 65 near Lowell, Ind.
This action provides federal authorization for Indiana and Illinois to move the project forward from the planning phase to the implementation phase, laying the more »
Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) welcomed the 12 Republican members who will join the Committee in the 114th Congress, including two members elected to their third terms in Congress and 10 freshmen.
“I am pleased to welcome these new Republican additions to the Transportation and Infrastructure Committee for the 114th Congress,” Shuster said. “The Committee will have a full agenda next year, including reauthorizations of federal surface transportation, aviation, and passenger rail programs. The added perspectives and ideas of our new members will be an asset to our experienced team as we continue developing legislation that strengthens our infrastructure and makes America more more »
Buried in the 1,603 page, $1.1 trillion legislation keeping most of the government funded well into next year is a special present for groups concerned with the Federal Motor Carrier Safety Administration’s (FMCSAs) new hours of service (HOS) regulations.
The so–called “CRomnibus,” which President Obama will sign early this week, avoids another government shutdown and contains relief from the HOS “restart rule.” The legislation reverts back to the restart provisions in effect from 2003 to 2013.
Specifically, the legislation suspends the requirement that all qualifying restarts contain two consecutive rest periods of time between 1 a.m. and 5 a.m., and that a restart more »
A new study commissioned by the Transportation Construction Coalition (TCC) demonstrates the benefits of federal highway and transit investment stretch far beyond the construction industry.
The report, “Transportation Infrastructure Investment: Macroeconomic and Industry Contribution of Federal Highway and Mass Transit Program,” was completed by IHS, Inc. for the TCC, of which AED is a member. The study reveals 70 percent of the value added by federal transportation investment occurs beyond the construction sector.
Current federal highway and public transit investment, which is about $50 billion annually, generates an average $37 billion in combined personal and corporate tax receipts per year due to increased more »
In one of its final accomplishments of the 113th Congress, the Senate is expected to approve the Tax Increase Prevention Act (H.R. 5771) in the coming days and President Obama is expected to sign the bill.
Once enacted, the bill will reinstate dozens of tax provisions that expired at the end of 2013, including 50 percent bonus depreciation and increased Sec. 179 expensing levels ($500,000 with a $2 million phase-out cap). These retroactive changes will only apply to 2014 and all the normal rules apply (including the requirement that customers take possession of the new equipment to qualify for bonus depreciation this more »
INTERMAT 2015 will be introducing a new and improved exhibition sector layout to accompany the event’s new developments and perspectives and therefore deliver an enhanced visiting experience.
INTERMAT has fully overhauled its floor plan for 2015 around its “traditional” exhibition areas at the Paris-Nord Villepinte exhibition centre: the outside demonstration areas together with halls 5A, 5B and6; and is to take over the more recently-built Hall 7, instead of halls 3 and 4. This new 15,000 square meter hall, opened in 2010, offers visitors and exhibitors all the benefits of modern and functional exhibition facilities. It is also a pioneer in the area of more »
Frank Nerenhausen, president of JLG, is the keynote speaker at the IPAF Summit and he will explore emerging technologies and their potential application in the access industry under the title “Gimmicks or the Next Reality.” The IPAF Summit will be held on the same day as the International Awards for Powered Access (IAPAs) on March 26, 2015, in Washington D.C.
The IPAF Summit conference attracts senior representatives from the access industry around the world to discuss and debate the latest technical, safety and business developments in this fast-growing sector. The theme of the 2015 Summit is “New Technologies and New Markets”.
The more »
In his 2015 economic forecast released Dec. 9, ABC Chief Economist Anirban Basu relayed his forecast for a steady recovery among the U.S. commercial and industrial construction industries in 2015, continuing the momentum built in 2014.
“ABC forecasts nonresidential construction spending will expand by roughly 7.5 percent next year,” said Basu. “The segments that will experience the largest growth in construction spending in 2015 include power, lodging, office space and manufacturing.
“The public sector will see far more sluggish growth in construction spending,” Basu warned. “However, this fits a multi-year pattern with private nonresidential spending exceeding public nonresidential spending by 28 percent in 2014, up from more »
BMO Global Asset Management released its second annual secular outlook report Dec. 12, during a media panel featuring presentations from the firm’s leading investment experts. The event was co-hosted by Barry McInerney and Rajiv Silgardo, Co-CEOs of BMO Global Asset Management.
The report, Secular Outlook 2015-2020, examines longer-term trends expected to drive the global economy and markets over the next three to five years. It represents the outcome of the Global Investment Forum hosted by BMO Global Asset Management, which was held in October and attended by the organization’s investment leaders and strategists from around the world.
“This report is intended both to more »
Economic growth in the United States will continue in 2015, said the nation’s purchasing and supply management executives in their December 2014 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report On Business. The Manufacturing sector is optimistic about growth in 2015, with revenues expected to increase in 15 Manufacturing industries, and the Non-Manufacturing sector also predicts that 15 of its industries will see higher revenues. Capital expenditures, a major driver in the U.S. economy, are expected to increase by 3.7 percent in the Manufacturing sector and more »