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Home » Stimulus Was Just a 'Tickle' For Transportation Firms
Transportation industry executives and lobbyists clearly are frustrated at not being able to gain Washington’s attention to enact long-term funding legislation they claim is critical to improving the sector’s dire outlook, as reflected in new market statistics released on Nov. 13.
The results were released by the Transportation Construction Coalition, a group of 28 contractor and supplier associations and unions in the transportation construction sector. They show that even with this year’s $27-billion federal stimulus infusion for transportation, 63% of 527 sector-company respondents say they have laid off permanent staff this year, 44% expect additional downsizing in 2010, less than 18% plan to buy new equipment or vehicles, and 76% expect less work to bid on next year from state highway departments .