Although the presidential campaign raised hopes of a massive infusion of federal dollars into highways and bridges, spending has dropped by 7% in the past 12 months, according to Alison Black, senior vice president and chief economist of the American Road & Transportation Builders Association.
“We have definitely seen a bit of a pause in the strong, upward momentum,” Black said. After bouncing back from the recession, growth in highway work also has stalled nationally over the past year to 18 months, she added.