America’s poor infrastructure is causing nearly $3 million in annual losses for one construction supplier, the company’s president said.
William Childs, CEO of Chaney Enterprises, whose trucks poured concrete for the Andrews Air Force Base, said each of the 280 concrete mixers in its fleet spends 82 hours in gridlock each year. In addition to lost time and nearly $400,000 in tires needed due to bad roads, Childs said the country’s crumbling infrastructure is making businesses like his less competitive.
“We’ve got to get our products and services delivered,” he said. “We need not only to repair the roads, but we need roads where we don’t have roads right now. We need transportation systems where we don’t have transportation.”
The Northern American Concrete Alliance, an industry coalition of concrete associations representing businesses like Chaney, urged congressional leaders Monday to find a sustainable funding source for the Highway Trust Fund, which relies on the federal fuel tax. The tax has not been raised since 1993, though President Donald Trump told Bloomberg News he would consider increasing it.
Several industry leaders acknowledged the political challenge that comes with raising the fuel tax, but urged Congress to take the unpopular move for the sake of the country’s infrastructure.
“No one wants to raise taxes,” said Leif Wathne, executive vice president of the American Concrete Pavement Association. “It is intellectually dishonest to suggest that it’s not going to cost money.”
Childs said he would support a “use tax” rather than a fuel tax, so that the cost would fall more on large trucks like those in his fleet than on the car driven by the average motorist.
“We’re willing to pay the increased fuel tax because it isn’t going to cost us $2.8 million a year,” Childs said. “It’s a good investment.”
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)