Highway funding faces perfect storm
- Published: Tuesday, 16 August 2011 18:22
- Written by Don Marsh
The slight, gradual rebound in projected 2011-12 concrete demand has given way to a nearly flat outlook for the period, after a downgraded forecast Portland Cement Association released late last month. Chief Economist Ed Sullivan attributed highway-funding legislation uncertainty in calling for a 0.6 percent 2011-12 cement consumption increase over a 2009-10 trough. A previous forecast that might have seen cement shipments this year and next combine for an 8–10 percent gain factored a 20 percent increase in federal highway funding, which PCA now sees will continue at its present level.