Infrastructure Alert - February 13, 2013

President Obama called for increased infrastructure and transportation spending in last night's State of the Union address, stressing the need to fix failing infrastructure first and utilizing public-private partnerships where appropriate. As details emerge of his national infrastructure plan and its funding, we will keep you updated.

On February 2, the International Longshoremen's Association and the U.S. Maritime Alliance reached a six-year, tentative deal, averting the potential for a strike across 16 East and Gulf Coast ports. The deal is still subject to ratification by both sides, and details have not been released. The previous contract extension was scheduled to expire February 6. Both sides had been operating on two subsequent short-term extensions since September 2012.