Karen Hubacz, President of Bond Construction Corp. and Chairman of the Board National Stone, Sand and Gravel Association (NSSGA), spoke about the impact of inflation on the aggregates industry at a House Transportation & Infrastructure (T&I) Committee roundtable.
According to the NSSGA, Hubacz stressed the need for Congress to provide solutions that will help industry succeed in supplying the materials needed for the nation’s infrastructure.
“At my small family business in Spencer, Massachusetts, we’ve seen the real effects of this inflation crisis,” Hubacz says. “Fuel is the primary input needed to drive our production, and fuel prices have tripled over the past year. This drives up the costs of the materials we produce: from quarrying to creating asphalt and trucking materials to jobsites. »
Additionally, Hubacz highlighted the need to prevent new regulations that increase compliance costs. She also highlighted the effects of inflation on the industry as a whole.
“Labour shortages and increasing burdensome regulations are all contributing to delayed infrastructure projects,” Hubacz says. “Overall, these delays and cost increases mean bipartisan infrastructure bill funding is being spent on fewer projects.”
Others who joined Hubacz on the House T&I Committee roundtable were representatives of the American Trucking Associationsthe Associated General Contractors of Americathe National Association of Manufacturersthe American Association of State Highway and Transportation Officialsthe Virginia Department of Emergency Managementand the city of Wilmington, North Carolina.