Posted in contractions

Key takeaways from ATA’s Freight Transportation Forecast

The American Trucking Associations (ATA) has released its latest U.S. Freight Transportation Forecast, which predicts freight volumes will grow 36% over the next 11 years. The most recent report, which is a partnership between ATA and IHS Markit, begins with a 2019 baseline and then projects through 2031 the amount of tonnage to be hauled, the revenue collected from those volumes by mode, as well as retail truck sales over that period, and the number of Class 8 vehicles in operation.

“Like the last several editions, we have included historical data for all modes of freight transportation back to 1990,” explained ATA Chief Economist Bob Costello in the report’s opening message. “The historical data is especially useful for gauging growth in each transportation mode, the magnitude of contraction during the recessions, as well as understanding modal share shifts over time.”

According to IHS Markit, total truck tonnage, including for-hire and

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Posted in improvements

Department of Transportation awards $25 million to Polk County for Broadway Avenue Improvements project

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The Iowa Department of Transportation plans a record-busting $806 million in statewide road and bridge projects this construction season. (Photo: William Petroski/The Register)

Polk County’s plan to reconstruct a portion of Broadway Avenue just got a $25 million boost from the federal government. 

The U.S. Department of Transportation on Wednesday announced the grant, earmarked for the Broadway Avenue Multi-modal Improvements project, as part of a $1 billion investment from the Trump administration to improve infrastructure through its Better Utilizing Investments to Leverage Development program.

The BUILD grant will cover over half of the projected $40 million cost of the Broadway project.

“A federal grant like that … relieves the burden on the local governments to help pay for that,” said MPO executive director Todd Ashby. “It certainly helps speed the timeline of completing the project.”

According to local officials, the project, which focuses on a 5.2-mile stretch

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Continue Reading Department of Transportation awards $25 million to Polk County for Broadway Avenue Improvements project