As President Donald Trump gave his inaugural speech in Washington D.C. on Friday, an overcast day with sprinkles of rain, U.S. Concrete (USCR) CEO William "Bill" Sandbrook attended the address and agreed with the newly sworn-in president: America's infrastructure has fallen into disrepair and decay.
In fact, later that same day, the Delaware River Bridge that connects the Pennsylvania and New Jersey turnpikes was forced to be shut down due to a crack in the framework. It will be a couple of weeks before the extent of the damage on the 61-year-old bridge is understood, and there is no time frame for a permanent fix, according to local media reports. This leaves the more than 40,000 drivers who use that bridge daily in need of an alternate route, and they should expect delays. The Delaware River Bridge is just one of the 58,495 bridges across the U.S. that are structurally deficient, according to the American Road & Transportation Builders Association.
The decaying and deficient infrastructure that the president promises to rebuild presents numerous opportunities for years to come. The Texas-based company, which produces concrete used for roads and bridges as well as commercial and residential construction, is primed to be a big beneficiary of the President Trump's infrastructure agenda. Since the billionaire businessman was elected president in November, USCR stock has gained 15.5%
"[President Trump's] speech reiterated his campaign platform -- limited regulation, reduced taxes and additional investment in infrastructure," Sandbrook told TheStreet on Monday. "I'm going to take him at face value that he is going to tackle the problem of underfunded infrastructure."