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Logistics & Fleets

US Ports Must Invest In Technology and Infrastructure to Compete Globally

US ports have an economic contribution of $5.4 trillion per year, which represents 26% of national GDP, according to the American Association of Port Authorities (AAPA). The US has more than 300 ports, and they generate over 30 million jobs. However, their infrastructure is lagging behind globally, and major investments are required to remain
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CHIP SHORTAGES TO AFFECT CONSTRUCTION

The construction industry does not seem to be immune from the global chip shortages plaguing The United States. The chip shortage has been crippling manufacturing plants nationwide and haunting production and delivery efforts. The construction industry is also becoming a victim of such issues. The country already is grappling with massive…
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American Jobs Plan: President Biden Presents His $2T Infrastructure Plan

During his visit to Pittsburgh on March 31, President Biden presented the American Jobs Plan, often referred to as the infrastructure plan. He had already discussed the general aspects during the March 25 press conference, but now the plan has been presented in greater detail, and the White House published a detailed fact sheet. The American
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REQUESTED CONSTRUCTION CAUSING DELAYS IN KAMALA HARRIS’ MOVE INTO VP QUARTERS

KAMALA HARRIS FUTURE HOME CONSTRUCTION RENOVATIONS BECOMING AGITATING Despite being sworn into office as vice president nearly two months ago, Kamala Harris and her husband, Georgetown Law professor Douglas Emhoff, await the cessation of renovations at their private residency requested by the U.S. Government via contracts. Administration
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March 2021 US Economy Brief: Federal Funds Rate, Housing Market & New Infrastructure Bill

The US economy is recovering quicker than expected, according to Federal Reserve Chairman Jerome Powell, but he believes there is still a long way to go. Unemployment is one of the main challenges, and there are 10 million jobs less than before the COVID-19 pandemic. In order to stimulate the US economy, the Federal Reserve decided to leave the
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How the $1.9 Trillion COVID-19 Relief Package Helps the Construction Industry

On Wednesday March 10, the House of Representatives approved the American Rescue Act of 2021, which is also known as the COVID-19 relief package. The bill has many measures that will help the American economy recover from the pandemic, which include employment incentives and a dedicated budget for the construction industry. The Covid-19 relief
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WINTER CONDITIONS COOL CONSTRUCTION PROFITS AS ASPHALT STARTS TO HEAT UP

REDUCED WINTER CONSTRUCTION PROFITS As Most northern states; and as we saw in Texas last month, some southern states, rebound back from a round of brute "winter conditions" cost overruns and temporary layoffs that stretched across already inflated construction budgets from the past month as we are inching in on April. The perfect storm of
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Lumber isn’t the only thing causing problems….. Enter Appliances

A recent survey of national multi-family developers and general contractors has demonstrated that appliances not only are causing lead time delays but modest price increases since pre-corona levels. Appliance Driven Inc's President, Joel Kapnick, based in New York has stated "I am literally putting orders in and watching those items
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Canadian lumber gets some accurate bark back

Amongst the chaos which has encapsulated the year of 2020, home builders and American home buyers appear to have a bright future of affordability laid out for them. With the heightened pricing of lumber, the U.S. Commerce Department has decided to slash the amount of Canadian lumber shipments coming into the United States from 20% down to 9%. 
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