INDICATIONS POINT UP : LAST YEAR'S PROBLEMS WITH FEDERAL FUNDING AND MATERIALS COSTS ARE CLEARING UP

This growth forecast for the 2005 highway construction industry predicts construction will be up two percent in 2004, although 60 percent to 100 percent increases in steel costs will negate increased profits. The article reports federal funding will reach a record $34.4 billion due to an increase in funding from new legislation and taxes. Manufacturers are optimistic and expect up 16 percent gains in profit, the article states, however the high cost of steel due to demand from China and the cost of fuel may affect that outlook. Short supplies of cement will continue into 2004 because of lack of available supply chains. Graphs depicting changes in percent growth for industries ranging from cement to light equipment are included.

  • Availability:
  • Corporate Authors:

    Scranton Gillette Communications

    380 E Northwest Highway, Suite 200
    Des Planes, IL  United States  60016-2282
  • Authors:
    • Zeyher, A
  • Publication Date: 2005-3

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00989405
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: May 3 2005 12:00AM