INFRASTRUCTURE

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…

RAISE, formerly known as BUILD and TIGER, has awarded over $8.935 billion in grants to projects in all 50 states, the District of Columbia and Puerto Rico since 2009.

AGGRECOST ASPHALT FUTURE RELATED CONTRACTS data tracks: Paving, Oil & Stone, Chip Sealing, Sealing, Modified Mix, WMA, HMA, Polymers & cold placed contracts.

International female entrepreneurs and businesswomen will be introduced to the realm of the U.S. market through the utilization of counseling services and training sessions. Applications for mentors and mentees are now open and available.

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…

On Monday 29, the Biden Administration announced several actions to support the offshore wind power industry, which include installing 30 gigawatts of capacity by 2030. This is enough generation capacity to meet the electricity needs of 10 million US homes, while preventing the emission of 78 million metric tons of carbon dioxide. This initiative…

Connecticut has some of the highest electricity prices in the US, which creates a market opportunity for solar and wind power. The average national tariff is 12.69 cents/kWh, according to the latest data from the Energy Information Administration, while an average tariff of 21.29 cents/kWh was reported for Connecticut (68% higher). Several major…

President Biden held his first press conference on Thursday 25, announcing that the $3-trillion infrastructure plan will be unveiled next week during his visit to Pittsburgh. However, he hinted at what the plan will contain, and transportation infrastructure will have high priority, especially roads and bridges. Mr. Biden also mentioned plans to…

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…

The High Speed 2 project focuses on sustainable construction methods, which include the use of recycled wind turbines to make reinforced concrete. HS2 is a major railway project in the UK, which will connect 10 of the largest British cities and a population of 30 million. The ambitious project will consist of 343 miles of railways connecting more…

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…

As if we do not have enough concerning trends to watch and forecast there is now also tremendous port of entry backlogs. Freight ships are scattered throughout the outskirts of major ports. Unloading and logistics are strained and running overtime.