At times in this whole reauthorization process, it’s been hard to see the way forward. House Republicans refuse to deficit-spend their way out of the funding conundrum, and Democrats haven’t gotten behind a coherent plan to come up with more revenues, though they’re still arguing for a bigger bill.
Recent data from TransCore indicated that spot market truck capacity recorded its single highest weekly volume in the last six months. The firm said that truck availability rose 8.0 percent on its DAT Network of load boards, with truck postings for all equipment types seeing gains, including: flatbeds up 8.4 percent; reefer vans up 8.3 percent, and dry vans are up 4.9 percent from the week of May 7 to the week of May 14.
The Department of Transportation’s payouts to states for construction projects under the 2009 stimulus law reached $28.2 billion as of May 13. The DOT shoveled out $800 million to states from mid-April to mid-May for completed work that the DOT backed with funds from the American Recovery and Reinvestment Act. Since the start of this year, the DOT has sent the states $3.4 billion in ARRA project reimbursements, according to figures reported on the government’s Recovery.org Web site tally.
The average price of diesel fell 6.4 cents in the past week to $3.997 a gallon across the U.S., the first time it has been below $4 in nearly two months, according to the U.S. Energy Information Administration.
– Ben Dundas, Web Analyst