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Home » SOURCEBOOK: Firms Get Creative To Weather Economy
The weak economy has squeezed transportation budgets to the limit. Still, firms that work in the transportation market are finding ways to push forward, diversifying their businesses by sector and region and looking to alternative delivery methods, such as public-private partnerships.
Richard Cavallaro, president of Skanska USA Civil, Whitestone, N.Y., says it is hard to plan ahead not knowing when a federal transportation bill will be enacted and with states being financially strapped. While the American Recovery and Reinvestment Act has helped sustain active projects, he says it has not created any new ones, and funds have run out.