The March 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: U.S. House of Representatives
Summary: On March 8, 2024, the U.S. House of Representatives introduced an act that aims to revolutionize transportation infrastructure by developing high-speed rail corridors. The bill proposes an investment of $41 billion annually over five years, totaling $205 billion, to fund the planning and construction of high-speed and higher-speed rail projects. The Federal Railroad Administration would administer these funds through grants. Additionally, the act seeks measures to attract an additional $38 billion in private investment for these projects.
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Status: Effective in November 2024
Organization: Joint Office of Energy and Transportation
Summary: On March 12, 2024, the Joint Office of Energy and Transportation, in collaboration with the U.S. Department of Energy (DOE), U.S. Department of Transportation (DOT), and Environmental Protection Agency (EPA) released the National Zero-Emission Freight Corridor Strategy. The strategy outlines a plan to establish a top-tier, zero-emission freight network nationwide by 2040. It focuses on boosting the deployment of zero-emission medium- and heavy-duty vehicle (ZE-MHDV) infrastructure through targeted public investment to bolster private sector efforts. In addition, the strategy aims to support the U.S. goal of reaching 30% ZE-MHDV sales by 2030 and 100% by 2040 by ensuring widespread access to electric vehicle charging and hydrogen refueling along freight corridors, intermodal facilities, and busy ports.
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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, Lake County, Florida, detailed plans to spend $275 million on capital projects, an increase of 16% from $238 million in its 2023-2027 CIP. The current CIP has 245 line items, compared to 258 line items in the prior CIP. The table below breaks down Lake County’s planned capital spending by business area for its last two CIPs.
Out of 26 business areas, the most significant increase goes to Renewal Sales Tax Capital Projects 2018, which increased by 22% due to 9 more projects in the recent CIP.
Lake County has only one notable line item valued at over $10 million, which is the Hartwood Marsh Rd (Hancock To Cr 455), worth nearly $12 million, under the South Transportation Benefit District.
Click Here to See City of Newport Beach, California, CIP
In the CIP covering the 2024-2028 fiscal years, Wayne County Airport Authority, Michigan, detailed plans to spend $1.4 billion on capital projects, an increase of 9% from $1.4 billion in its 2023-2027 CIP. The current CIP has 77 line items, compared to 87 line items in the prior CIP. The table below breaks down Wayne County Airport Authority's planned capital spending by business area for its last two CIPs.
Planned spending in the Detroit Metropolitan Airport Increased by 12% or $140 million due to new projects, including the reconstruction of the Runway 9R/27L and associated Taxiways. On the other hand, the Willow Run Airport decreased by 21% due to ongoing projects nearing completion.
Wayne County Airport Authority, Michigan has one notable line item valued at over $100 million and six at over $500 million, all belonging to the Detroit Metropolitan Airport category. The largest line item is the Runway 9R/27L & Associated Taxiways Reconstruction, worth $149 million. Other line items include:
Click Here to See Wayne County Airport Authority, Michigan, CIP
In the CIP covering the 2024-2028 fiscal years, City of Newport News, Virginia, detailed plans to spend $1.1 billion on capital projects, an increase of 30% from $848 million in its 2023-2027 CIP. The current CIP has 155 line items, compared to 143 line items in the prior CIP. The table below breaks down City of Newport News' planned capital spending by business area for its last two CIPs.
Planned Spending in the Streets and Bridges increased by 84% due to new projects added, including the New I-64 and Denbigh Interchange, worth $46 million. Public Buildings also increased by 53% going for existing projects. The facilities and improvements project for schools under the Schools category also increased by over $30 million.
The City of Newport News, Virginia, has three notable line items valued at over $25 million. The largest line item is the Sherwood - Governmental Center, worth $90 million, under the Public Buildings category. The site is approximately 32 acres that will replace Grissom Library into a citizen “one-stop,” including the Police precinct, Department of Human Services, Department of Water Works, Commissioner of the Revenue and Treasurer, Parks, Recreation and Tourism, and Library Administration. Nearly $53 million is planned under the Schools category for the Facility Renovation and Improvements, including total HVAC replacement, complete roof replacement, building system upgrades to include plumbing and electrical updates, and minor facility aesthetical upgrades to accommodate instructional needs at Warwick HS. Lastly, under the Streets and Bridges category, $47 million is planned to install the first phase of a full interchange on I-64 at Denbigh Boulevard Bridge.
Click Here to See Newport News, Virginia, CIP
In the CIP covering the 2024-2033 fiscal years, City of Topeka, Kansas, detailed plans to spend $911 million on capital projects, an increase of 29% from $706 million in its 2023-2032 CIP. The current CIP has 229 line items, compared to 126 line items in the prior CIP. The table below breaks down City of Topeka's planned capital spending by business area for its last two CIPs.
Planned spending under the Investing in Infrastructure category increased by 37% due to the new Water Main Replacement Program 2027-2033 and Wastewater Lining & Replacement Program 2027-2033, totaling over $100 million.
The City of Topeka, Kansas has four notable line items valued at over $15 million, all belonging to the Investing in Infrastructure category. The largest line item is the SW 17th St. - I-470 to MacVicar Ave, worth $23 million. This project will replace the pavement on SW 17th Street between SW MacVicar Avenue and Interstate 470 and will also include water line replacement along with sanitary sewer point repairs. Listed below are the other notable line items:
Click Here to See City of Topeka, Kansas, CIP
In the CIP covering the 2024-2028 fiscal years, Allegheny County, Pennsylvania, detailed plans to spend $621 million on capital projects, an increase of 14% from $546 billion in its 2023-2027 CIP. The current CIP has 77 line items, compared to 89 line items in the prior CIP. The table below breaks down Allegheny County’s planned capital spending by business area for its last two CIPs.
Planned spending in the Equipment category increased by 69% with funding towards ongoing projects. On the other hand, the Bridges category decreased by 22% due to projects nearing completion.
Allegheny County, Pennsylvania has three notable line items valued at over $10 million. The largest line item is the Campbell's Run Road Reconstruction, worth $20 million, under the Roads category.The other two belong to the Bridges category which are the following:
Click Here to See Allegheny County, Pennsylvania, CIP
Here are some recent articles our team has been reading:
FirmoGraphs tracks blogging habits of the Top 200 Environmental companies. With the help of our tool Power Search, we help our customers use this information to improve proactive conversations with their clients. Below are the most notable blogs in March.
Summary: On March 4, 2024, AtkinsRéalis, part of the SNC-Lavalin Group Inc., has secured a $40 million US Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the Georgia Department of Transportation (Georgia DOT), continuing their long-standing relationship since 2000. The contract, spanning three years with a potential extension to five, will entail providing on-call Engineering Design services and additional engineering support services, primarily focusing on 23 active projects in Georgia DOT's Region 3, covering 65 counties and addressing a variety of transportation challenges such as capacity, operational, and safety improvements.
Summary: On March 5, 2024, AECOM released a blog about being chosen by Amtrak to oversee the Susquehanna River Rail Bridge Project. The project aims to replace the century-old bridge in Maryland with two new ones to enhance rail connectivity and safety along the U.S. Northeast Corridor. AECOM will provide various professional services, including project management and design coordination while prioritizing partnerships with Disadvantaged Business Enterprise firms to foster economic opportunities.
Summary: On March 11, 2024, Jacobs released a blog discussing how Federal Highway Administration has initiated a pilot program to enhance habitat connectivity and road safety by preventing wildlife-vehicle collisions, with several projects led by Jacobs' clients receiving funding. This includes projects such as the Gaviota Pass Wildlife Connectivity and Vehicle Collision Reduction Project in California, which involves expanding a culvert and installing fencing to aid wildlife movement, and the construction of the Greenland Wildlife Overpass in Colorado between Denver and Colorado Springs, which aims to mitigate collisions and connect habitats. Jacobs has also contributed to wildlife mitigation efforts, such as the I-25 South Gap project in Colorado, which included wildlife crossings and fencing to reduce animal-vehicle collisions.
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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American Association of State Highway and Transportation Officials |
2024-04-23 |
2024-04-26 |
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American Public Transportation Association |
2024-04-28 |
2024-05-01 |
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Portland Cement Association |
2024-04-28 |
2024-05-02 |
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American Road and Transportation Builders Association |
ARTBA Federal Issues Program & Transportation Construction Coalition Fly-In |
2024-05-13 |
2024-05-15 |
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Airport Consultants Council |
2024-05-14 |
2024-05-15 |
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Rotaia Media |
2024-05-15 |
2024-05-16 |