FRA Taking Steps to Advance Minority and Women Owned Business Participation in Federally Funded Rail Projects
Underscoring the Biden-Harris Administration’s focus on promoting diversity and inclusion, the U.S. Department of Transportation’s Federal Railroad Administration (FRA) is conducting a first of its kind nationwide small, minority-owned and woman-owned business disparity study, seeking to determine whether the playing field is level for firms aspiring to win subcontracts from grantees receiving Federal funds administered by the agency. “We are firmly committed to increasing equity across the A...
ODOT to invest nearly $2 billion to improve infrastructure
COLUMBUS – The Ohio Department of Transportation (ODOT) is gearing up for another busy construction season. This year, ODOT will invest $1.92 billion into 956 projects to improve transportation across the state. The 2021 construction program includes improvements to 876 bridges and 4,596 miles of pavement. Ninety-six cents of every dollar invested will go toward making sure existing roads and bridges are in good condition and as safe as possible. “Ohio’s ability to safely and easily move peopl...
FAA Awards $627.7 Million in Airport Improvement Grants
WASHINGTON – The U.S. Department of Transportation’s Federal Aviation Administration (FAA) will award more than $627.7 million in infrastructure and safety projects through the FY2021 Airport Improvement Program (AIP). “Airports serve as a lifeline for communities across the nation,” said U.S. Secretary of Transportation Pete Buttigieg. “Modernizing our infrastructure in a way that creates jobs, ensures safety, combats climate change, and fosters equity is a top priority for the Biden-Harris...
ACI Foundation Raises Over $1 Million for Scholarships, Research, and Technology
Farmington Hills, Michigan, USA – Through generous donations from ACI members, and the concrete industry, more than $1 million has been raised for the ACI Foundation. Jeffrey W. Coleman, President of the American Concrete Institute (ACI) announced the challenge to raise $1 million in October, 2020, during his term as president. To date, over $1,320,000 has been generously contributed to the ACI Foundation. “Due to the generosity of ACI members and chapters, we have not only reached the go...
HDR, City of Nashville Partner to Successfully Apply for Emerging Technologies Grant
With assistance from HDR, the City of Nashville has received an Advanced Transportation and Congestion Management Technologies Deployment 2020 grant, which will allow the metropolitan area to use emerging technologies to solve longstanding issues with congestion induced bunching of transit vehicles. The $3 million project will develop and deploy connected transit technology on Charlotte Avenue/Dr. Martin L King Jr. Boulevard in Nashville, an area that is densely developed with one of the slow...
Biden Harris Infrastructure Plan Allocates $621B For Transportation
The $2.3 trillion infrastructure investment package unveiled by the Biden Harris administration on March 31 – entitled the American Jobs Plan – allocates $621 billion in overall spending to the transportation sector, with the largest slice of that funding aimed at spurring major growth in the electric vehicle market. “Is it big? Yes. Is it bold? Yes. But we can get it done,” President Joe Biden said during a press event in Pittsburgh. “The heart of the plan is modernizing transportation i...
Biden kicks off effort to reshape U.S. economy with infrastructure package
(Reuters) - President Joe Biden on Wednesday will call for a dramatic and more permanent shift in the direction of the U.S. economy with a roughly $2 trillion package to invest in traditional projects like roads and bridges alongside tackling climate change and boosting human services like elder care. He also aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April. Coupled with hi...
FTA Announces $30.5 Billion to Help the Nation’s Public Transportation Systems Respond to COVID-19
President Biden’s American Rescue Plan Provides Critical Investments to Support Transit WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a total of $30.5 billion in Federal funding is now available to support the nation’s public transportation systems as they continue to respond to the COVID-19 pandemic and support President Biden’s call to vaccinate the U.S. population. Funding is provided through the American Rescue Plan Act of 2021 (Pu...
GPA makes major infrastructure investment
SAVANNAH, Ga.– On Monday, the Georgia Ports Authority Board approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20 percent. “Right now, we are moving container volumes that we did not expect to see for another four years,” said GPA Executive Director Griff Lynch. “Our employees are working very hard to ensure we continue to provide our customers with world-class service. Additionally, we are expediting capacity projects that will increase the...
Royal Dutch Shell Experienced Historic Net Loss of $21.5B In 2020 - Revenue Dropped by Nearly 50%
The Royal Dutch Shell plc, more popularly known simply as Shell, is one of the largest companies in the world. However, due to the crippling effects of the COVID-19 pandemic, demand for oil fell sharply reducing its price to historic lows. As a result, Shell had one of its worst years in history, having to cut its dividend for its shareholders for the first time since World War II. According to data presented by TradingPlatforms.com, Shell posted a $21.5B net loss in 2020, with revenue dropping...