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Construction Equipment Exports Decline

Exports of U.S.-made construction equipment ended 2014 with a 13.2-percent drop compared to 2013, with a total $17.26 billion shipped to global markets.

 

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Bipartisan Group Demands Quick Action on Highway Bill

A majority of both Republicans and Democrats have signed a letter initiated by Reps. Reid Ribble, R-Wisc., Dan Lipinski, D-Ill., and Tom Reed, R-N.Y, to Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., urging quick action to develop a long-term sustainable revenue source for maintaining the nation’s roads, highways and bridges. The letter, signed by 285 House members, calls on Congress to “move a responsibly paid-for, multiyear surface transportation bill that will support much needed economic growth throughout the nation.”

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Keystone Pipeline Bill Vetoed

President Barack Obama vetoed a bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another indefinite period.

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January Construction Climbs 9 Percent

The value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621.0 billion, according to Dodge Data & Analytics. The increase for total construction was the result of an especially strong performance by the nonbuilding construction sector, which benefitted from the start of a massive liquefied natural gas terminal facility in Texas.

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