Prices for many types of construction inputs rose sharply last month, according to the Associated General Contractors of America. The price index for materials used in construction, plus items consumed by contractors such as diesel fuel and tires, rose 0.9 percent compared to the 0.4 percent rise in January. Items that were more expensive in February included diesel fuel (3 percent), paving mixtures and blocks (2.5 percent) and steel mill products (0.6 percent). Some of the biggest increases were for materials used in building construction.
The trade association said the higher costs are hitting hard at a time when construction firms are still struggling to keep busy. It urged the House to pass the two-year surface transportation bill that was approved by the Senate this week to provide contractors with more certainty about whether they’ll get paid on time or can count on new projects.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now