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.

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It’s Happening FAST

Dec. 1, 2015 – Today, a congressional conference committee signed off on the surface transportation reauthorization conference report, according to the National Stone, Sand and Gravel Association (NSSGA). The new bill is H.R. 22, Fixing America’s Surface Transportation Act (FAST Act), which is slated to provide approximately $281 billion investment over five years in our nation’s surface transportation infrastructure. The U.S.…

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