By Dr. Alison Premo Black, chief economist, ARTBA
The value of highway construction work reached $9.12 billion in July, up from $8.35 billion in July 2019, according to U.S. Census Bureau data. Airport runway, railroad, and subway and light rail construction values also increased in the same period.
Overall, transportation construction contractors performed $16.4 billion in work in July, up 2.4 percent from $16.1 billion in July 2019.
The value of transportation construction put in place measures the amount of work completed on a project in a given time period, regardless of the size of the contract or when it was awarded.
Details by mode are available as part of ARTBA’s Transportation Construction Market Intelligence Service.