Sources: American Road & Transportation Builders Association, Washington, D.C.; CP staff
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 next year, according to the ARTBA Transportation Construction Market Forecast.
Read MoreTotal 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.
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In “The 2015 U.S. Transportation Construction Industry Profile,” American Road and Transportation Builders Association Chief Economist Dr. Alison Premo Black estimates the value of public and private transportation construction and maintenance work at upwards of $275 billion, an investment generating nearly $510 billion in annual economic activity or 1.6 percent of the GDP.
Sources: American Road and Transportation Builders Association, Washington, D.C.; CP staff
In “The 2015 U.S. Transportation Construction Industry Profile,” ARTBA Chief Economist Dr. Alison Premo Black estimates the value of 2015 public and private transportation construction and maintenance work at upwards of $275 billion, an investment generating nearly $510 billion in annual U.S. economic activity and accounting for 1.6 percent of Gross Domestic Product.
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