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      "text": "Demand Exceptionally Strong\nAmerican Rescue Plan Act\n$350bn of government spending designated for cities, states, tribal governments and U.S. territories\nFirst $175bn distributed in 2021; second $175bn in 2022. Funds to be obligated by end of 2024 and expended by end of 2026\nInfrastructure Investment and Jobs Act\n$550bn of spending over five years to improve the nation's transportation, water, electric power and infrastructure\nRising Complexity of Vehicles\nInvestments in autonomous infrastructure and increasing “smart” features in vehicles are driving increased need for our road-marking and line removal offerings\nHigher mineral content in electric vehicles is driving demand for Federal Signal's mineral extraction support equipment\nTight Commercial Driver's License Labor Pool\nThe qualified CDL driver market for many specialty vehicle applications remains tight, exacerbated by the legalization of marijuana across North America. This is leading to rising customer needs for ease in equipment functionality, design and training\nSupply Chain Fluidity Remains a Constraint but Improving:\nClass 8 chassis supply for key offerings has eased, but medium duty chassis for select dump body businesses remain a constraint\nCombined Q4 production output at two largest manufacturing facilities up 11% YoY\nLead times for certain product lines remain stretched beyond normal levels given component shortages and strong demand",
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      "text": "Source: White House website, U.S. Department of Transportation, and Western Pacific Trucking School",
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