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House Passes 2016 Transportation Appropriation

The House of Representatives narrowly passed H.R. 2577, a $55.3 billion fiscal 2016 transportation-housing spending measure, by a vote of 210-216. It provides nearly $40.3 billion from the Highway Trust Fund to be spent on the Federal-aid Highways Program, equal to FY2015.

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Construction Materials Shipments Rise on St. Lawrence Seaway

U.S. manufacturing is expected to keep ship traffic on the St. Lawrence Seaway bustling this season after a strong start for general cargo shipments through the navigation system.

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Dodge Momentum Index Unchanged in May

The Dodge Momentum Index held steady at 122.3 (2000=100) in May, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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