What happened: Public highway, pavement, and street construction—the largest transportation market sector—is expected to grow by double digits for the second consecutive year, increasing 16 percent to $126 billion in 2024 from $108.6 billion in 2023, according to ARTBA Chief Economist Alison Premo Black’s annual market outlook.


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President Joe Biden and U.S. Senator Rob Portman (R-Ohio) are the 2022 recipients of the American Road & Transportation Builders Association’s (ARTBA) highest honor—the “ARTBA Award.” The historic infrastructure bill signed into law last year was the most significant legislation approved in this Congress to date.


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