Industry News - Did You Know?

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American motorists waste $121 billion in time and fuel costs during traffic congestion per year. An average annual expense of $444 is incurred per motorist in vehicle repairs due to roads in need of repair – some $90 billion for all Americans.

Every $1 billion spent on highway construction generates an estimated 288,000 jobs. Every $1 billion spent on highways creates $6.2 billion of economic activity.

China spends 9 percent of its GDP on infrastructure, while Europe spends 5 percent. The U.S. spend only 1.7 percent of its GDP on infrastructure. If this continues, we will no longer be competitive on a global scale.

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