FTA Announces $30.5 Billion to Help the Nation’s Public Transportation Systems Respond to COVID-19
President Biden’s American Rescue Plan Provides Critical Investments to Support Transit WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a total of $30.5 billion in Federal funding is now available to support the nation’s public transportation systems as they continue to respond to the COVID-19 pandemic and support President Biden’s call to vaccinate the U.S. population. Funding is provided through the American Rescue Plan Act of 2021 (P...
GPA makes major infrastructure investment
SAVANNAH, Ga.– On Monday, the Georgia Ports Authority Board approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20 percent. “Right now, we are moving container volumes that we did not expect to see for another four years,” said GPA Executive Director Griff Lynch. “Our employees are working very hard to ensure we continue to provide our customers with world-class service. Additionally, we are expediting capacity projects that will increase the...
Royal Dutch Shell Experienced Historic Net Loss of $21.5B In 2020 - Revenue Dropped by Nearly 50%
The Royal Dutch Shell plc, more popularly known simply as Shell, is one of the largest companies in the world. However, due to the crippling effects of the COVID-19 pandemic, demand for oil fell sharply reducing its price to historic lows. As a result, Shell had one of its worst years in history, having to cut its dividend for its shareholders for the first time since World War II. According to data presented by TradingPlatforms.com, Shell posted a $21.5B net loss in 2020, with revenue dropping...
Nemetschek SE: Raised Targets for 2020 Fully Achieved - At Least High Single-Digit Growth with High Profitability in 2021
Revenues increase to EUR 596.9 million in 2020 (+7.2%), EBITDA margin at high 28.9% Recurring revenues increase by 19.9% to EUR 359.0 million, driven by subscription/SaaS (+79.6% to EUR 90.4 million) Outlook for 2021: At least high single-digit growth at constant currencies and attractive EBITDA margin of between 27% to 29% targeted Ambition 2023: Growth in the mid-teens following successful subscription/SaaS transition Munich, March 23, 2021 - The Nemetschek Group (ISIN DE 00...
NDOT Awards $39 Million I-515 Viaduct Rehab Project in Downtown Las Vegas
LAS VEGAS, NEV. – The Nevada Department of Transportation (NDOT) last week awarded a $38.8 million construction contract to Las Vegas Paving Corp. to rehabilitate the aging Interstate 515 (U.S. Highway 95) viaduct from Interstate 15 to Eastern Avenue in downtown Las Vegas. (A viaduct is a long bridge-like structure carrying an elevated roadway. It’s not to be confused with an aqueduct that conveys water). The project will extend the near-term service life of the viaduct, portions of which wer...
Governor Wolf Commits to Phasing Out Gas Tax, Announces Commission to Develop Funding Solutions
Harrisburg, PA – Governor Tom Wolf today reiterated his commitment to phase out Pennsylvania's gas tax, which is becoming an unreliable source for funding Pennsylvania's vast transportation network. To make this possible and to further address the state's transportation funding needs, the governor has also signed an Executive Order establishing the Transportation Revenue Options Commission, which will develop comprehensive funding recommendations for Pennsylvania's large and agin...
USDA Investing $285M In Transportation, Infrastructure
The U.S. Department of Agriculture plans to invest $285 million to help the Forest Service address critical deferred maintenance and improve transportation and recreation infrastructure on national forests and grasslands. [Above photo by the U.S. Forest Service.] That funding comes from the newly created National Parks and Public Land Legacy Restoration Fund, established in 2020 by the Great American Outdoors Act. The USDA noted that the Great American Outdoors Act authorizes funding un...
Transportation Getting $100B From $1.9T COVID Package
The $1.9 trillion COVID-19 relief package, known as the American Rescue Plan or ARP recently reconciled between the House of Representatives and the Senate and signed into law by President Joe Biden on March 11, allocates $100 billion to transportation. [Above photo of President Joe Biden signing the ARP into law. Photo via the White House.] According to funding breakdown issued by Rep. Peter DeFazio, D-Ore., chair of the House Transportation & Infrastructure Committee, the final version o...
MetLife Investment Management Originates $15.7 Billion in Private Placement Debt and Private Structured Credit In 2020
2020 business activity includes $3.6 billion of investments originated on behalf of third party institutional asset management clients WHIPPANY, N.J.— MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it originated $15.7 billion in private placement debt and private structured credit across 215 transactions in 2020. This included $3.6 billion of investments originated on behalf of third party institutional clie...
Transportation Funding Allows Counties and Cities To Prioritize Local Transportation Needs
IERRE, S.D. – The South Dakota Transportation Commission approved over $36 million in funding allocations to counties and class 1 cities throughout South Dakota at their meeting held on February 25, 2021. This total includes $6 million directly resulting from Congress providing additional federal funds to the state under the December 2020 CRRSA supplement appropriations bill. Over $27.5 million will be provided in state funds to the counties and cities, the remaining balance of funds will be...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
AdventHealth Weaverville Hospital
June Issue 2026
.jpg?width=225)