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The U.S. & Europe Automatic Toll Payment Machine Market to Reach $101.5 Million, by 2027 Allied Market Research

May 20, 2020 - in Financial, News

Surge in demand for efficient traffic management at toll collection centers, and increase in need for improvement in parking infrastructure drive the growth of the U.S. & Europe automatic toll payment machine market.   Portland, OR, May 19, 2020 (GLOBE…

Engineering Firm Leaders Now Believe “Back to Normal” will take 12-18 Months, ACEC Business Impact Survey Shows

May 15, 2020 - in COVID-19, Financial, News

Washington, DC - More U.S. engineering firm leaders now believe a “return to normal” for their businesses will take between 12-18 months, a significant…

USDOT Provides $500M Loan to Port of Long Beach

May 14, 2020 - in Financial, News

The U.S. Department of Transportation’s Build America Bureau said on May 4 it will provide a Transportation Infrastructure Finance and Innovation Act…

U.S. Department of Transportation Announces More Than $22 Million in Grants to Restore and Enhance Intercity Passenger Rail Network

May 7, 2020 - in Financial, News

U.S Department of Transportation Office of Public Affairs 1200 New Jersey Avenue, SE Washington, DC 20590 www.transportation.gov/briefingroom News  WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today announced…

USDOT Announces $500 Million Loan for Port of Long Beach

May 6, 2020 - in Financial, News

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau will provide a loan of $500 million under the Transportation Infrastructure Finance and Innovation Act (TIFIA) to…

USDOT Announces Over $1 Billion in Grants to 439 Airports in 50 States

May 4, 2020 - in Financial, News

WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao announced today that the Department of Transportation’s Federal Aviation Administration (FAA) will award $1.187 billion in airport safety and infrastructure grants. The total includes $731 million…

States Projecting Big Budget Cuts Due to COVID-19

May 4, 2020 - in COVID-19, Financial, News

State governments continue to ratchet back current spending and projected budget outlays due to the economic impact of the COVID-19 pandemic; reductions that are starting to include planned transportation infrastructure investments. [Above photo by the New…

ACI Foundation Funds Research Projects

April 29, 2020 - in Financial, News

Farmington Hills, Mich.  –The ACI Foundation’s Concrete Research Council (CRC) selected eight research projects to receive grants this year. The ACI Foundation is committed to progress in the industry by contributing financially to necessary and worthy…

State DOTs Feeling the Budgetary Impact of COVID-19

April 27, 2020 - in COVID-19, Financial, News

Steep reductions in motor vehicle travel due to the COVID-19 pandemic are adversely affecting state department of transportation budgets – to the point where some agencies are laying off workers and shelving planned transportation projects. [Above photo…

Nuvocargo Raises $5.3M Seed Round To Modernize Door-to-Door Freight Transportation Between U.S./Mexico

April 24, 2020 - in Financial, News

Round co-led by Silicon Valley venture fund NFX and Mexican venture fund ALLVP; funds will help Nuvocargo attract the best talent, take advantage of high demand for establishing new U.S./Mexico supply chains   NEW YORK - Nuvocargo, the first digital freight…