Topic: Infrastructure
News
Nov. 11, 2016
The California High-Speed Rail Authority filed a waiver request earlier this week with the Federal Railroad Administration that would exempt the authority from the “buy America” requirements of federal law because no U.S. passenger train manufacturers currently exist.
News
Nov. 8, 2016
The importance of infrastructure for economic growth need not be belabored; it is part of the capital stock that enables and increases U.S. productivity. Nor has the severity of its decay gone unnoticed; the issue has been discussed extensively in the media. But the issue also bears important political implications. Building infrastructure creates large numbers of jobs for working Americans, and renewed efforts can bolster the sagging fortunes of the working class, whose anger has propelled populist politicians like Donald Trump. It is one of the few ways that the Federal government can spend money to reduce income inequality in the United States.
News
Nov. 2, 2016
The consumption of U.S. finished motor gasoline reached a new high of 9.7 million barrels per day (b/d) in June 2016, surpassing the previous one-month high of 9.6 million b/d set in July 2007. U.S. gasoline consumption during summer 2016 (June through August) increased by 169,000 b/d, or 1.8%, relative to the same period in 2015. . . Vehicle miles traveled (VMT) were also high in summer 2016, setting a new record in June. From summer 2015 to summer 2016, VMT grew by 9.3 billion miles per day, an increase of nearly 3.0%. This is slightly more than the 1.8% growth in gasoline consumption over that period. Compared to summer 2007, summer 2016 VMT increased more than 6.4%, while gasoline consumption only increased 0.5%.
News
Nov. 2, 2016
To experience America’s crumbling infrastructure firsthand, look no farther than San Francisco and Oakland — ranked this week by a transportation research group as being home to the worst roads of any large urban region in the country.
News
Oct. 26, 2016
A sharp pullback in spending by cities and states on infrastructure—from highways to sewage systems to police stations—is weighing on U.S. economic growth. . . The decline depressed gross domestic product growth this spring and was on track to weigh on growth again in the third quarter.
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