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CEOs: Congress Must Pass Robust Transportation Bill to Rebuild America


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.

Sincerely,

Steven F. Leer, Chairman & CEO
Arch Coal

Patricia A. Woertz, Chairman, President & CEO
Archer Daniels Midland

Matthew K. Rose, Chairman & CEO
BNSF Railway Co.

Douglas R. Oberhelman, Chairman & CEO
Caterpillar Inc.

Douglas W. Stotler, President & CEO
Con-way

Wendell P. Weeks, Chairman, CEO & President
Corning Inc.

N. Thomas Linebarger, President & CEO
Cummins Inc.

Samuel R. Allen, Chairman & CEO
Deere & Co.

Andrew Liveris, Chairman & CEO
Dow Chemical Co.

James H. Roberts, President & CEO
Granite Construction

David M. Cote, Chairman
Honeywell

Bruce E. Grewcock, President & CEO
Kiewit Corp.

C. Howard Nye, President & CEO
Martin Marietta

Charles W. Moorman, Chairman, President & CEO
Norfolk Southern Corp.

Doug Black, Chief Executive Officer
Oldcastle Materials Inc.

Gregory H. Boyce, Chairman & CEO
Peabody Energy

Steven W. Berglund, President & CEO
Trimble Navigation Ltd.

D. Scott Davis, Chairman & CEO
UPS

Mary Andringa, President & CEO
Vermeer

Donald M. James, Chairman & CEO
Vulcan Materials Co.