Washington, D.C. based American Road & Transportation Builders Association (ARTBA), a trade association representing the U.S. transportation construction industry, recently released a market outlook report on transportation construction activity in 2024.
The largest transportation market sector, public highway, pavement, and street construction, is forecasted to grow by double digits for the second consecutive year. In 2023, the sector reached $108.6 billion. For 2024, ARTBA Chief Economist Alison Premo Black predicts the sector will reach $126 billion, a 16 percent increase.
