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NAM: New study highlights the economic benefits of highway, transit investment programs

Rock Products (12/11) reports that NAM Chief Economist Chad Moutray participated in a conference call which unveiled a study conducted by forecasting company IHS Inc. showing “the economic benefits of federal highway and transit investment programs on every sector of the US economy.” The article contains highlights from the report, such as for every $1 in Federal funding invested in highway and mass transit there is $1.80 to $2.00 in goods and services produced.

The Fleet Owner (12/11, Kilcarr) reports NAM Chief Economist Chad Moutray said during the call that the report makes clear the need for highway funding to be a priority in Congress. “Manufacturers need good roads as they operate with just-in-time delivery schedules for raw materials and for finished goods, much less roads are how workers get to and from their jobs every day,” said Moutray and noted that highway funding is one area where President Obama and the incoming Republican Congress can “find common ground.”

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