Our liefferrun.com are reliant on the nation maintaining and upgrading strong transportation infrastructure, especially by road as the majority of freight is transported via truck. With that said, it will be regarded as a boon for the sector that the Federal Highway Administration has redistributed some $2.8 billion in unused federal highway aid to the individual states.
This funding is critical for the transportation industry and can be applied toward highway projects that are ongoing and will help begin or complete numerous road and bridge projects. The annual distribution of remaining surplus funds is scheduled to coincide with the end of September break in the fiscal year.
The individual state allocations are in relation to taxes contributed and sees California receiving the largest amount at $293.1 million while New York is second, with $155.8 million. The other states in order of funding in the top ten are Florida, at $150 million, followed by Illinois, $133.4 million; and Pennsylvania, $123.4 million. The top ten is completed with Georgia, at $122.2 million; Ohio, with $120 million; Michigan, at $103.5 million; Virginia, $90 million; and Texas, $75 million.
In turn, the individual states are obliged to allocate funds to specific projects within a scheduled timeframe. In many cases these added funds allow the completion of critical projects which help keep our industry, and your shipments, arriving on time.