With or Without a Federal Infrastructure Plan, 2019 is Likely to be a Year of Incremental Gains. By Mark S. Kuhar and Josephine Patterson
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ARTBA Forecasts Modest Growth in Transportation; Construction Markets
The likely passage of a five-year federal surface transportation bill, increased investment from state and local governments, and continued strengthening in the U.S. economy are the key factors driving an expected 4 percent growth in the 2016 U.S. transportation construction market, according to the American Road & Transportation Builders Association’s (ARTBA) chief economist.
Read MoreARTBA Forecasts Modest 2015 Growth
The U.S. transportation construction market will grow 3.1 percent from $185.9 billion in 2014 to $191.7 billion in 2015, according to a forecast released December 3 by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black. This is slightly above anticipated growth in the overall economy – U.S. Gross Domestic Product is expected to grow between…
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