Daily News Briefs, March 25, 2020

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Report: Senate Stimulus Bill Will Include $25 Billion for Transit Agencies

CNBC reports on the $2 trillion stimulus bill in aid of COVID-19 epidemic economic relief that Senate and White House negotiators have agreed upon. According to the article, the bill, which is still being drafted, “will offer . . . $25 billion in emergency transit funding.”

US Gov't Transportation Funding

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Highway Users Alliance Wants Infrastructure Funding Included in Stimulus Package

Transportation Today reports, “The American Highway Users Alliance is urging Congress not to forget infrastructure as it works to create an economic stimulus package to combat the negative economic effects of the coronavirus. In a letter to Sens. Mitch McConnell (R-KY) and Chuck Schumer (D-NY) and Reps. Nancy Pelosi (D-CA) and Kevin McCarthy (R-CA), the Highway Users, a coalition of 300 organizations representing companies, trade associations, safety advocacy groups and motoring clubs, asked Congress to include increased formula funding for transportation infrastructure.”

Transport Topics reports, “Transportation networks and operations affected by the coronavirus pandemic are targeted in an economic stimulus package Democrats seek to advance to President Donald Trump’s desk this week.”

Infrastructure Investment Trends US Gov't Transportation Funding

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Metro Houston Drivers Will Continue to Receive Roadside Service

KTRK reports that HCTRA’s Incident Response Team will continue to serve stranded motorists during the epidemic emergency, as will AAA road service and Harris County’s Tow and Go program. Workers are taking precautions to prevent exposure to the COVID-19 virus.

American Automobile Association (AAA) Harris County Toll Road Authority (HCTRA) Highway and Bridge Safety Houston Metro Area Texas

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Australia's Pension Funds Reduce the Asset Valuation of Infrastructure Holdings

Pensions & Investments reports, Australia’s major pension fund management firms this week made out-of-cycle cuts to the value of their direct holdings in unlisted assets such as toll roads and airports due to market conditions brought on by the COVID-19 pandemic. The article notes, “The out-of-cycle revaluations come as Australia’s government implemented its most stringent controls to date to stop the spread of COVID-19, closing pubs and restaurants and urging non-essential travel be canceled. . . .”

Australia Infrastructure Investment Trends

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Truckers Log Long Hours to Answer Demand for Goods

WBIR reports, “The global pandemic is taking a toll on truck drivers. They’re making the long haul to restock shelves and pleading with the public to stop stockpiling so they can catch up.” One driver tells the station he has logged “thousands of more miles since the beginning of the coronavirus crisis, sometimes doubling his usual days.”

Highway and Bridge Safety Traffic Economics

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These are just some of the toll industry developments TRN is following.

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