Steel prices cited in soaring highway construction costs
Oct 11, 2007 | 10:20 AM
| Rory Carroll
Highway construction and maintenance costs nationwide from 2003 to 2006 grew about three times faster than their fastest rate during any other three-year period between 1990 and 2003, according to a report by the U.S. Department of Transportation (DOT).
"These increases are largely the result of escalation in the costs of commodities used in highway projects, such as steel and asphalt, and reflect structural, not transitory, economic changes," the DOT report said. "Consequently, we expect these commodity costs to remain elevated and possibly continue expanding in the near term."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here