U.S. Tariffs on Steel and Aluminum Cast a Shadow on Capital Projects Under Construction
On February 10, 2025, President Donald Trump ordered the imposition of a blanket 25% tariff, effective on March 12, 2025, on all steel and aluminum imports, including those from Canada and Mexico. This has triggered a surge in the share prices of U.S. steel and aluminum producers but simultaneously fueled concerns about the profitability or even viability of many future capital projects in the U.S. Here are our key insights: -- Many capital projects under development in the U.S. will unavoida...
Xylem Reports Fourth Quarter and Full Year 2024 Results
Fourth-Quarter Highlights Orders of $2.2 billion, up 7% on a reported and organic basis Revenue of $2.3 billion, up 7% on a reported and organic basis Earnings per share of $1.34, up 22%; $1.18 on an adjusted basis, up 19% Full-Year Highlights Revenue of $8.6 billion, up 16% on a reported basis and 6% organically Earnings per share of $3.65, up 31%; $4.27 on an adjusted basis, up 13% 2025 full-year adjusted earnings per share guidance range of $4.50 to $4.70...
Regional Transportation Authority of Central Oklahoma awarded a federal grant to evaluate at-grade rail crossings along the proposed RTA commuter rail corridor
CENTRAL OKLAHOMA – In partnership with the Oklahoma Department of Transportation (ODOT), the Regional Transportation Authority (RTA) of Central Oklahoma has been awarded $400,000 through the Railroad Crossing Elimination Program (RCE) by the U.S. Department of Transportation. The proposal will evaluate 52 at-grade crossings from Edmond to Norman ahead of the RTA’s Commuter Rail Project. The RCE project will analyze various suitable strategies, balancing the community's needs and safety agains...
Department of Transportation Announces Over $229 Million to Repair Roads and Bridges Damaged by Natural Disasters and Extreme Weather Events
WASHINGTON – As part of the U.S. Department of Transportation’s coordinated approach to help states repair and rebuild roads and bridges, the Federal Highway Administration (FHWA) announced it is providing $229.9 million of Emergency Relief funds to 26 states, Guam and Puerto Rico. The funds will be used to support repair needs following natural disasters, catastrophic events, and extreme weather such as flooding, wildfires, hurricanes, and mudslides. Repairs resulting from these events will rec...
INVESTING IN AMERICA: Biden-Harris Administration Announces $635 Million in Awards to Continue Expanding Zero-Emission EV Charging and Refueling Infrastructure
New investments from the Bipartisan Infrastructure Law will add more than 11,500 electric vehicle charging ports and expand hydrogen and natural gas fueling infrastructure in communities nationwide WASHINGTON – Today, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced $635 million in grants to continue building out electric vehicle (EV) charging and alternative fueling infrastructure with funding from the Bipartisan Infrastructure Law’s signature zero...
INVESTING IN AMERICA: Biden-Harris Administration Awards $125 Million in Grants to Improve Safety on America’s Roadways by Preventing Deadly Wildlife-Vehicle Crashes
Investments will help reduce wildlife vehicle collisions that result in thousands of serious injuries, hundreds of fatalities, and more than $10 billion in medical costs and property damage each year. WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced $125 million in grants for 16 wildlife crossing projects in 16 states, including one Native American Tribe. The funding is available through the Wildlife Crossings Pilot Program, a ne...
The Big Deal: On Third Anniversary of Bipartisan Infrastructure Law Signing, Biden-Harris Administration Announces Over $3.4 Billion in Grants to Expand Passenger Rail, Make Roads Safer, Improve Ports, and Strengthen Supply Chains
To date, more than 66,000 projects funded by the Bipartisan Infrastructure Law are moving forward in all 50 states, D.C., and U.S. territories Announcement is paired with a new legacy video highlighting the impact of the Biden-Harris Administration’s Investing in America agenda that will endure for generations WASHINGTON – Today, on the third anniversary of the signing of the historic $1.2 trillion Bipartisan Infrastructure Law, U.S. Transportation Secretary Pete Buttigieg released a ne...
INVESTING IN AMERICA: Biden-Harris Administration Announces $16.6 Million to Eight States for Advanced Digital Construction Technologies to Expedite Delivery of Transportation Projects
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced $16.6 million in grant awards to projects in eight states under the Advanced Digital Construction Management Systems (ADCMS) grant program. This Bipartisan Infrastructure Law program provides a total of $85 million over five years. “These pioneering states are using technology and innovation to digitize systems to improve the way we deliver transportation projects,” said Acting Federal H...
INVESTING IN AMERICA: Biden-Harris Administration Announces $7.6 Million in Grants to Accelerate Innovation in Highway Projects
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced $7.6 million in grants to promote state-of-the-art technology in new standards and construction to accelerate construction. Innovative grants were awarded on nine projects in eight States across the country. The grants fund innovations like innovative debris removal, enhanced work zone safety, integrating technology to support emergency responders, using drones to conduct infrastructure...
CALSTART Applauds Clean Ports Program Advancement; Investments Will Create Clean Jobs, Reduce Carbon Pollution And Boost Economy
In response to breaking news from the White House, the Environmental Protection Agency (EPA) has announced awardees for its Clean Ports Program—which provides $3 billion to fund zero-emission port equipment and infrastructure as well as climate and air quality planning at U.S. ports through the Inflation Reduction Act of 2022—CALSTART’s Vice President Jasna Tomic issued the following media statement: “Today, President Biden has announced $3B for zero-emission technology deployment and plannin...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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