Federal Investment Advanced 22,000 Highway Projects in 2020
What happened: State governments leveraged $29 billion in federal funds to advance $70 billion in highway improvements during fiscal year (FY) 2020, according to ARTBA’s interactive Highway Dashboard. Chief Economist Dr. Alison Premo Black compiled the latest...
FAST Act Funded Nearly 110,000 Road & Bridge Projects
By John Schneidawind, vice president, public affairs, ARTBA State governments moved forward with nearly 111,000 new federal-aid highway and bridge projects during the past five years under the Fixing America’s Surface Transportation (FAST) Act law, new research from...
After Record Year, Modest Declines Expected in 2021 Transportation Construction Market
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...
2021 U.S. Transportation Construction Market Forecast Webinar Coming Dec. 10
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...
Convention Keynote Speaker Warns of ‘Sensitive Moment’ in Economy
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...
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