With state budgets still hamstrung by the recession and Congress hesitant to hammer out a new federal funding measure, it seems the only thing growing in the U.S. transportation sector these days is the number of firms vying for the few opportunities that do arise. Photo: Courtesy of Austin Bridge and Road TxDOT has awarded more than $4 billion in projects over the past year. Related Links: Environment: Treatment-Facility Work, Cleanups Bolster Sector General Building: Firms Find Little Respite From Weak Economy Manufacturing/Telecommunications: Tough Market Requires Top-Notch Players Petroleum: Projects Cancelled in Uncertain Climate Power: Federal Policy Drives New Power
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.