A 1916 rule enacted by President Woodrow Wilson’s administration is curbing 21st century transportation innovations that could improve safety and quality on the nation’s major roadways, the American Road & Transportation Builders Association (ARTBA) notes in recent testimony submitted to the U.S. House Highways & Transit Subcommittee.Read More
After a 2.8 percent year-over-year decline in 2017, total domestic transportation construction and related-market outlays are projected to reach $255 billion this year, according to the American Road & Transportation Builders Association Transportation Construction Market Forecast.Read More
Total transportation construction and related market activity is expected to grow 1.3 percent in 2017, driven largely by increases in highway and bridge work supporting residential and commercial developments. American Road & Transportation Builders Association Chief Economist Dr. Alison Premo Black projects spending to reach $248 billion, up from an estimated $245 billion in 2016.Read More
Sources: American Road & Transportation Builders Association, Washington, D.C.; CP staff
An ARTBA analysis of the five-year, $305 billion Fixing America’s Surface Transportation Act (FAST) that President Obama signed December 4 notes: “While the total core highway investment increase during the [five-year] life of the bill will be just over 15 percent, yearly assessments are a better gauge of market impact.Read More
As members and their customers approach the current federal surface transportation program’s May 31 funding sunset, the American Road and Transportation Builders Association has outlined a plan it believes could end the political impasse over how to cover Washington, D.C.’s share of state highway, bridge and transit capital projects—while seeding a $401 billion, six-year highway and mass transit capital investment bill.