The January 2024 Transportation Market Recap is a recap of some of the most interesting and useful transit industry news from the previous month. It contains updates on industry drivers, notable projects, and recent mergers and acquisitions, as well as some interesting reads, and upcoming meetings and conferences.
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Our data team tracks new and updated industry drivers. Here are some recent drivers we have been following this month:
Status: Proposed
Organization: Colorado State Legislature
Summary: On January 10, 2024, the Colorado General Assembly introduced Senate Bill 24-036, which proposes to create a new public vulnerable road user protection enterprise in the Department of Transportation. The enterprise would fund infrastructure improvements and other strategies that reduce the number of fatal severe collisions between motor vehicles and vulnerable road users, such as pedestrians, bicyclists, and motorcyclists. The enterprise would charge a fee for registering passenger cars and light trucks based on weight and configuration. It would also use the fee revenue to provide grants for eligible projects. Furthermore, the enterprise would publish a 5-year plan, maintain a public accountability dashboard, and prepare an annual report.
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Status: Proposed
Organization: Colorado State Legislature
Summary: On January 10, 2024, the Colorado General Assembly introduced House Bill 24-1030, which proposes improving railroad safety by imposing new rules and penalties on railroads operating trains. The bill specifies that:
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Status: Proposed
Organization: Colorado State Legislature
Summary: On January 10, 2024, the Colorado General Assembly introduced House Bill 24-1012, which proposes to make changes to the operations and governance of the Front Range Passenger Rail District. The district plans to develop passenger rail service along the Front Range of Colorado. The bill aims to improve the efficiency and flexibility of the district by:
The bill is currently under consideration by the House Transportation, Housing & Local Government Committee.
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Status: Proposed
Organization: Colorado State Legislature
Summary: On January 18, 2024, Congressman Hank Johnson introduced a bill that would provide $20 billion annually for four years to improve public transit service in the U.S. The bill called the Stronger Communities Through Better Transit Act, would fund transit systems to increase the frequency and routes of buses and trains, especially in disadvantaged and underserved communities. Key provisions include:
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Here are some recent, notable Capital Improvement Programs (CIPs). FirmoGraphs has deconstructed the CIPs into data elements, along with available project descriptions. Please feel free to request a meeting and review the data live in our business intelligence application.
In the CIP covering the 2024-2028 fiscal years, City of Flagstaff, Arizona, detailed plans to spend $844 million on capital projects, an increase of 34% from $629 million in its 2023-2027 CIP. The current CIP has 329 line items, compared to 298 line items in the prior CIP. The table below breaks down City of Flagstaff’s planned capital spending by business area for its last two CIPs.
Planned spending in the Streets/Transportation category increased by 50% with funding towards ongoing projects and new projects added, including John Wesley Powell / I-17 Bridge, worth $36 million. There are also new projects added under the General Government category, resulting in a 55% increase in the recent CIP.
The City of Flagstaff, Arizona has two notable line items valued at over $50 million and two at over $20 million. The largest line item is the Lone Tree Railroad Overpass, worth $98 million, under the Streets / Transportation category. Other notable line items in this category include JWP Extension - Phase I & II and 4th Street Extension - Phase I & II, worth $23 million and $21 million, respectively. The General Government has also a notable project, the USGS Buildings, worth $56 million.
Click Here to See City of Flagstaff, Arizona, CIP
In the CIP covering the 2024 fiscal year, San Francisco International Airport, California, detailed plans to spend $11 billion on capital projects, an increase of 42% from $7.8 billion in its 2023 CIP. The current CIP has 46 line items, compared to 72 line items in the prior CIP. The table below breaks down San Francisco International Airport’s planned capital spending by business area for its last two CIPs.
The recent CIP increased largely by 42% or almost $3.3 billion. The increase goes to existing and new projects or additional budgets. Many of the existing projects increased, with a total amount of $7.3 billion of which $5.7 billion is attributable to the Ascent Program - Phase 1.5 projects and $1.6 billion is attributable to the FY 2023/24 Infrastructure Projects Plan projects. New project budgets total $2.7 billion, of which $1.6 billion is attributable to the Ascent Program - Phase 1.5 projects and $1.1 billion is attributable to the FY 2023/24 Infrastructure Projects Plan projects.
San Francisco International Airport has two notable line items valued at over $1 billion and six valued at over $100 million. The largest line item is the renovation of Terminal 3 West to create a unified Terminal 3 checkpoint, improve circulation and concessions, replace aging building systems, renovate the facade, provide a secure connector at Courtyard 4, refresh the Boarding Area F Checkpoint, and make seismic improvements, worth $2.6 billion. Listed below are the other notable line items:
Click Here to See San Francisco International Airport, California, CIP
Here are some recent articles our team has been reading:
In this over-digitized age, there is no replacement for face-to-face meetings with your prospects and customers! We track meetings of interest to our customers serving the U.S. transit industry so you won’t miss upcoming meetings and deadlines. Additionally, FirmoGraphs has recently implemented a free-of-charge service for tracking notable infrastructure events.
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Name Organization |
Name Meeting |
Date Start |
Date End |
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Airport Consultants Council |
2024-03-05 |
2024-03-07 |
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|
SAE International |
2024-03-12 |
2024-03-14 |
|
|
Aircraft Electronics Association |
2024-03-19 |
2024-03-22 |
|
|
National Asphalt Pavement Association |
2024-03-25 |
2024-03-27 |
|
|
National Stone, Sand, and Gravel Association |
2024-03-25 |
2024-03-27 |