The CEOs of 20 major U.S. corporations called on Senate and House leaders to pass a robust multi-year surface transportation bill to create jobs and rebuild America. These business leaders all agree, “There is certainly no singular solution to remedy the nation’s economic challenges, and we understand the need to rein in and prioritize spending. However, passage of a well-funded, multi-year reauthorization of the federal highway and public transportation programs would provide some needed stability in an uncertain business environment, and should be a key element of a pro-growth agenda.”
The full text of the letter follows:
Dear Bicameral Congressional Leadership:
As Congress and the Obama Administration continue to take steps to improve our long-term economic growth, we believe a key component of these efforts should be a renewed commitment to improving and modernizing the nation’s surface transportation network.
Our companies and employees are major users of the U.S. highway, bridge, rail, air, and public transportation systems. We depend on the ability to move products and materials quickly and efficiently as part of our everyday operations. An efficient and reliable transportation network is integral to the success of our supply chain and our domestic/international product distribution systems.
We operate and compete in a global economy. Enhancing the capacity of all modes of surface transportation infrastructure is essential to keep pace with our global competitors who are making major new investments in their own transportation systems.
There is certainly no singular solution to remedy the nation’s economic challenges, and we understand the need to rein in and prioritize spending. However, passage of a well-funded, multi-year reauthorization of the federal highway and public transportation programs would provide some needed stability in an uncertain business environment, and should be a key element of a pro-growth agenda.
Our economy has long been the envy of the world. But our transportation infrastructure has become inadequate to meet the needs of the 21st century economy. We must prioritize and invest in our aging infrastructure now if we are to maintain our economic competitiveness and leadership in the global economy.
Steven F. Leer, Chairman & CEO
Patricia A. Woertz, Chairman, President & CEO
Archer Daniels Midland
Matthew K. Rose, Chairman & CEO
BNSF Railway Co.
Douglas R. Oberhelman, Chairman & CEO
Douglas W. Stotler, President & CEO
Wendell P. Weeks, Chairman, CEO & President
Samuel R. Allen, Chairman & CEO
Deere & Co.
Dow Chemical Co.
James H. Roberts, President & CEO
Bruce E. Grewcock, President & CEO
C. Howard Nye, President & CEO
Charles W. Moorman, Chairman, President & CEO
Norfolk Southern Corp.
Doug Black, Chief Executive Officer
Oldcastle Materials Inc.
Gregory H. Boyce, Chairman & CEO
Steven W. Berglund, President & CEO
Trimble Navigation Ltd.
D. Scott Davis, Chairman & CEO
Mary Andringa, President & CEO
Donald M. James, Chairman & CEO
Vulcan Materials Co.