The U.S. economy remains sluggish but appears to be slowly improving. The Commerce Department projected 3rd quarter GDP growth of 2.7%, up from 1.3% in the 2nd quarter. Inventory accumulation and residential fixed investment accounted for much of the improvement.
FTR Associates estimates that the recovery from Hurricane Sandy will result in a $14 billion incremental boost to transport spending over the ensuing 6-9 months.