CN has announced CA$175 million (US$136 million) in capital improvements for its railways in Manitoba and Nova Scotia, in addition to the $1.52 billion already announced for four provinces: Alberta, British Columbia, Ontario, and Quebec. In total, CN (NYSE: CNI) has pledged almost $1.7 billion in 2022 to six provinces....
Because of inflation, Biden’s infrastructure program provides less bang for the money.
Road, rail, and port projects may have to be scaled back or postponed as a result of growing inflation's impact on the purchasing power of the $1.2 trillion infrastructure bill passed last year. The Infrastructure Investment and Jobs Act (IIJA), dubbed a "once-in-a-generation" funding bill by President Joe Biden, allocates...
How much money did the Biden administration provide states to minimize truck accidents?
The Biden administration recently announced a record $463.5 million in awards for Motor Carrier Safety Assistance Program (MCSAP) funds sponsored by the Federal Motor Carrier Safety Administration to assist avoid truck accidents in 2022. The funding level represents a 52% increase over 2021, and it comes at a time when...