Fitch Sees Toll Road Traffic and Revenue Growth

Fitch Ratings has issued a new report, “U.S. Transportation Trends (Fall 2016)” (subscription required), which concludes that “Growth for the remainder of 2016 will remain healthy for all three U.S. major transportation sectors (airports, ports and toll roads) albeit at a slightly lower rate than the first half of the year.” Regarding toll roads, Fitch finds that “low fuel prices have boosted growth in traffic (6.3%) and revenue (7.0%) for the 1H16. The Southeast and Southwest U.S. have and will continue to lead in traffic performance. The higher rate of growth in revenues is reflective of typical inflationary toll rate increases, which Fitch expects to average roughly 2% over time.”