Innovation Newsbriefs
Vol. 25, No. 7
With federal transportation spending outpacing tax receipts by some $1.25 billion/month, the cash balance of the Federal Highway Trust is drawing perilously close to the point where the U.S Department of Transportation will be obliged to institute cash management strategies—such as slowing down or delaying state reimbursements — to keep the Trust Fund account solvent. Based on current spending and revenue trends, this point —a cash balance of $4 billion in the Highway Account —will be reached in late July according to the latest U.S. DOT estimate However, CBO estimates that “both the highway account and the transit account will end the end of the fiscal year with a positive balance” according to an April 14 memo from the Congressional Budget Office (Subject: CBO’s Highway Trust Fund Runs, April Baseline)
Archive for the ‘National’ Category
Why Infrastructure Investment Needs to be a National Priority
Friday, May 23rd, 2014The U.S. receives an enormous return on infrastructure investments. Maintaining the status quo is not acceptable. America’s infrastructure underpins the U.S. economy. It is the thread that knits our great nation together. To compete in the global economy and raise our standard of living, we must renew and update America’s aging public infrastructure. Time is running out.
View this complete post...Spring 2014 Passenger Airline Employment Data
Thursday, May 22nd, 2014BUREAU OF TRANSPORTATION STATISTICS
U.S. scheduled passenger airlines employed 383,610 workers in March 2014, 0.8 percent more than in March 2013, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. March was the fourth consecutive month that full-time equivalent (FTE) employment for U.S. scheduled passenger carriers was higher than the same month of the previous year (Tables 1, 2, 3).
Guest on The Infra Blog: Paul Yarossi, Executive Vice President, HNTB
Wednesday, May 21st, 2014Paul Yarossi is Executive Vice President of HNTB and President of HNTB Holdings, Ltd. As president of HNTB Holdings Ltd, Paul Yarossi serves on the company’s board of directors and is responsible for overseeing and directing the firm’s governance, capitalization strategy, compliance and audit functions, as well as its external and government relations. He also participates in a number of high-level roles on behalf of the industry, which gives him a broad perspective on current issues and trends. He previously served as chairman of the American Road and Transportation Builders Association, the U.S. transportation construction industry’s representative in Washington, D.C. ARTBA is bringing recommendations forward regarding the next federal highway funding bill. Yarossi has presented testimony to the U.S. House Transportation and Infrastructure Subcommittee on Highways and Transit, and the U.S. House Oversight Committee.
“…We continue to look at infrastructure rehabilitation and expansion as a cost rather than an investment…I think we need to change how we talk about infrastructure and start telling people less about what they won’t have and more about what they’ll get in return for their money.”
View this complete post...Dangerous By Design 2014
Tuesday, May 20th, 2014SMART GROWTH AMERICA
American communities are poised for a renaissance in walking. We’re walking more often, for fun and to get to places in our neighborhood. We turn to WalkScore.com when figuring out where to live and our most walkable places often are among the most economically vibrant in the country. Hundreds of cities have adopted Complete Streets policies to ensure walking is at the forefront of our decisions regarding street design. Public health organizations from the U.S. Centers for Disease Control and the Office of the Surgeon General to the local doctor’s office are encouraging us to get out for a walk for physical activity and to combat chronic disease. And indeed, we are walking: six out of 10 people walk for physical activity, and the share of adults who said they walk for transportation grew 6 percent from 2005 to 2010, according to the most recent data available. But we are still dealing with a legacy of roadways that fail to account for the safety of people on foot.
Beyond Shovel-Ready: The Extent and Impact of U.S. Infrastructure Jobs
Monday, May 19th, 2014METROPOLITAN POLICY PROGRAM
BROOKINGS INSTITUTION
This report sheds new light on the widespread contributions that infrastructure jobs make to the nation’s economy, including their importance at the metropolitan level. Since many of these jobs offer more equitable wages, require less formal education for entry, and are projected to grow over the next decade, they represent a key area of consideration for policymakers aiming to address the country’s ongoing infrastructure and jobs deficit.
Ten Years and $400 Billion in Federal Highway Spending Later, Are We Any Better Off?
Friday, May 16th, 2014The federal government has spent $365 billion out of the Highway Trust Fund’s highway account since 2005, pouring money into new roads, capacity improvements, and system preservation. At the same time, fewer people are driving, and those that are are doing it less: total annual vehicle-miles traveled haven’t budged for almost a decade even as we’ve added 20 million new residents, and per-capita VMT has fallen significantly. The number of cars on the road has remained essentially unchanged, cars per 1,000 residents peaked in 2007, and young people are doing just fine without a driver’s license, thank you.
View this complete post...Guest on The Infra Blog: Janet Kavinoky, Executive Director, Congressional & Public Affairs, U.S. Chamber of Commerce
Wednesday, May 14th, 2014Janet F. Kavinoky is a nationally recognized expert in transportation policy, funding, and finance. As executive director in the Chamber’s Congressional and Public Affairs Division, Kavinoky leads all transportation strategy, policy, and lobbying efforts. She has expertise in developing consensus policy positions among diverse stakeholders and lobbying Congress and executive branch agencies on a wide range of legislative and regulatory matters relating to surface, air, and water transportation.
“We need to look at infrastructure going forward, in the same way, I think, that an entrepreneur does when they’re pitching a business plan to an investor. An entrepreneur helps the investor visualize what’s going to happen, lays out a strategy, and inspires confidence to execute on that strategy. “
View this complete post...Guest on The Infra Blog: Robert Puentes, Senior Fellow, Brookings Institution’s Metropolitan Policy Program
Monday, May 12th, 2014Robert Puentes is a senior fellow with the Brookings Institution’s Metropolitan Policy Program where he also directs the program’s Metropolitan Infrastructure Initiative. The Initiative was established to address the pressing transportation and infrastructure challenges facing cities and suburbs in the United States and abroad.
“There’s no doubt that the paralysis in Washington is real and pervasive. I think we overemphasize, though, the federal role in a lot of this…I think, in fact, the federal paralysis is making states, cities, metropolitan areas experiment with a whole host of different things in order to get projects done.”
View this complete post...Follow InfrastructureUSA
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