December 10, 2020 | Economics, Top Story
By John Schneidawind, vice president, public affairs, ARTBA The U.S. transportation construction market is expected to shrink 5.5 percent next year, driven primarily by the severe economic recession caused by the coronavirus pandemic, according to ARTBA’s annual...
November 25, 2020 | Economics
One of the biggest question marks is how COVID-19 related declines in transportation user fee revenues will impact 2021 construction market growth at the national and state levels. Other key questions relate to the prospects for early passage of a Biden administration...
October 20, 2020 | Economics
By John Schneidawind, vice president, public affairs, ARTBA The economic downturn caused by the COVID-19 pandemic has devastated world economies in ways unlike previous slowdowns, former Federal Reserve economist David Wilcox said in his Oct. 19 keynote address to...
September 30, 2020 | Economics
By Dr. Alison Premo Black, chief economist, ARTBA The value of state and local government transportation contract awards dropped to $6.7 billion in August, from $8.4 billion in August 2019, a 20 percent decline. The August average for 2017-2019 is $8.4 billion. ...
September 3, 2020 | Economics
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...
August 27, 2020 | Economics
By Dr. Alison Premo Black, chief economist, ARTBA The 2021 fiscal year is off to a slow start as state and local governments awarded $6.7 billion in transportation contract awards in July, down from $11 billion in July 2019. The July average for 2017-2019 is $9.6...