The May 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. Department of Transportation
Summary: On May 22, 2024, the U.S. Department of Transportation's Advanced Research Projects Agency - Infrastructure (ARPA-I) issued a Request for Information (RFI) to gather input from stakeholders on the potential applications of AI across all transportation modes, the challenges and opportunities of deploying AI technologies, and the risks associated with AI in transportation. The RFI seeks to understand the current and future applications of AI, the potential opportunities AI can facilitate in transportation, and the barriers to its responsible adoption. It also explores the implications of AI in autonomous mobility ecosystems, including software-defined AI enhancements. Stakeholders are encouraged to submit their submissions by July 2, 2024.
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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 2025-2034 fiscal years, Hampton Roads Transit, Virginia, detailed plans to spend $820 million on capital projects, an increase of 45% from $567 million in its 2024-2033 CIP. The current CIP has 84 line items, compared to 63 line items in the prior CIP. The table below breaks down Hampton Roads Transit’s planned capital spending by business area for its last two CIPs.
Planned spending in the Utilities category increased by 29% with funding towards existing projects. The Solid Waste category also increased its spending by 61% due to a new project, the WTE Life Extensions. Lastly, the Parks and Recreation category also increased going to Stadiums Maintenance & Improvements and Environment Restoration & Exotic Maintenance.
Hampton Road Transit has one notable line item valued at over $100 million and two at over 25 million, all belonging to the Facilities category. The largest line item is the Hampton Facility Electrification, costing $179 million. This project aims to establish the essential infrastructure required for managing operations and upkeep of a Battery Electric Bus (BEB) fleet at the Victoria Boulevard facility in Hampton. Another $92 million is planned for the 18th Street Facility Electrification, which involves the preliminary design and engineering required to facilitate the transition of HRT's 18th Street operating division to accommodate battery electric bus operations. Lastly is the New Southside Operating Division, costing $50 million to relocate and replace the Parks Avenue operating and maintenance base with a new facility that can serve the Southside. The facility will be constructed with the capacity to phase in the charging of 100 electric buses, aligning with the fleet replacement needs, as well as trolley operations.
Click Here to See Hampton Roads Transit, Virginia, CIP
In the CIP covering the 2025-2029 fiscal years, Tulsa International Airport, Oklahoma, detailed plans to spend $80 million on capital projects, a decrease of 20% from $100 million in its 2024-2028 CIP. The current CIP has 26 line items, compared to 19 line items in the prior CIP. The table below breaks down Tulsa International Airport’s planned capital spending by business area for its last two CIPs.
The recent decrease in planned spending by 20% is attributed to the Federal Inspection Services Facility project, which carries a budget of $28 million and is scheduled to be finalized in 2024.
Tulsa International Airport has two notable line items valued at over $10 million. The largest line item is the Terminal and Cargo Apron Rehabilitation, valued at $29 million. Another $11 million is planned for the Taxiway M Rehabilitation. This project aims to rehabilitate the pavement of T\W "M", including T\W M itself and connecting T\W' to R\W 18R and T\L within T\W M's safety area. The design will encompass vertical and horizontal geometry adjustments, pavement redesign, electrical upgrades, pavement marking enhancements, and miscellaneous drainage improvements.
Click Here to See Tulsa International Airport, Oklahoma, CIP
In the CIP covering the 2025-2029 fiscal years, City of Harrisonburg, Virginia, detailed plans to spend $173 million on capital projects, a decrease of 13% from $198 million in its 2024-2028 CIP. The current CIP has 144 line items, compared to 117 line items in the prior CIP. The table below breaks down Harrisonburg’s planned capital spending by business area for its last two CIPs.
Planned spending in the Transportation (School and Transit) category increased by 35% due to the increase in the Transit Buses funding, from $11 million to nearly $18 million in the recent period. Despite increases in various business areas, Harrisonburg's planned spending decreased by 13% due to the nearing completion of the Courts Building Project.
Harrisonburg has only one notable line item valued at $10 million, which is the construction of a new Emergency Communications Center Building.
Click Here to See City of Harrisonburg, Virginia, CIP
In the CIP covering the 2025-2029 fiscal years, City of Dubuque, Iowa, detailed plans to spend $354 million on capital projects, an increase of 19% from $299 million in its 2024-2028 CIP. The current CIP has 277 line items, compared to 289 line items in the prior CIP. The table below breaks down Dubuque’s planned capital spending by business area for its last two CIPs.
Planned spending in the Public Works category doubled with funding for existing projects and new projects added, including the 14th Street Overpass. On the other hand, the Community and Economic Development decreased due to projects nearing completion.
Dubuque has four notable line items valued at over $20 million. The largest line item is the 14th Street Overpass, under the Public Works category, worth $39 million. This project involves the construction of a multimodal transportation corridor, aiming to improve Elm Street, 16th Street, and Kerper Blvd. corridors, as well as the Chaplain Schmitt Island corridor. Additionally, it encompasses the proposed 14th Street Railroad Overpass bridge project, catering to both vehicular and pedestrian traffic. Other notable line items include:
Click Here to See City of Dubuque, Iowa, CIP
Here are some recent articles our team has been reading:
To stay abreast of industry marketing trends, we regularly review blogs of the nation's top consulting and construction firms. These are some notable customer-focused blogs in May.
Summary: On May 29, 2024, Jacobs announced that it has been selected as one of 15 companies to provide on-call program services for all LAWA departments under a Multiple Award Task Order Contract (MATOC). Jacobs will lead the program, supported by over 30 subconsultants, and is committed to employing local Disadvantaged Business Enterprises. The selected subconsultants will represent about 30% of the project work. Jacobs aims to promote local minority businesses and will collaborate with LAWA’s Small Business Development Department to enhance economic equality in Los Angeles.
Summary: On May 9, 2024, Parsons Corporation announced it has been selected by VIA Metropolitan Transit Authority to finalize the design of the Advanced Rapid Transit program for San Antonio's VIA Rapid Green Line. The contract is valued at $20 million over five years. The project, with an estimated cost exceeding $400 million, is funded by various sources, including a Federal grant and local contributions. The VIA Rapid Green Line will span 12 miles, feature 26 stations, and connect key areas, including the San Antonio International Airport and historic missions. ART systems aim to provide efficient public transit by using dedicated bus lanes, traffic signal prioritization, and streamlined fare collection.
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 |
| Transportation Research Board | 2024-06-24 | 2024-06-26 | |
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Transportation Research Board |
2024-07-15 |
2024-07-18 |
|
|
American Road and Transportation Builders Association |
ARTBA Public-Private Partnerships in Transportation Conference |
2024-07-16 |
2024-07-18 |
|
Aircraft Electronics Association |
2024-07-29 |
2024-08-02 |
|
|
Transportation Research Board |
2024-07-29 |
2024-08-01 |