Purchasing departments in the transportation industry can benefit greatly by participating in federal government funding programs to promote the development and maintenance of transportation infrastructure and related initiatives. The Federal Highway Trust Fund (FHTF) alone disburses nearly $40 billion annually to states to maintain and expand interstate highways, support regional transit networks, and repair infrastructure including bridges and tunnels. Every federal funding program is created in support of a specific mandate. Whether state or local, transportation purchasing professionals are well-positioned to benefit from federal funding when it comes time to award a contract to a supplier.
Nathan Munn | sourcesuite.com