Construction Spending Up in November

The U.S. Census Bureau of the Department of Commerce reported that construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion, 1.0 percent (±1.6 percent) above the revised October estimate of $925.1 billion. The November figure is 5.9 percent (±2.0 percent) above the November 2012 estimate of $882.7 billion.

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Holcim Reports Mixed Results

Holcim reported that global economic trends remain subdued despite significant growth in several emerging markets and improved economic data from the U.S. Demand for construction materials fell in key markets such as India, Mexico, Canada, and to a lesser extent, Brazil, while Europe stabilized.

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Polaris Achieves Shipment Record

Polaris Minerals Corp. reported that, during the fourth quarter ended Dec. 31, 2013, its Orca Quarry operation loaded 15 ships carrying in excess of 1,060,000 tons, a new record for quarterly shipments. This is in sharp contrast to 2010, the low point of the recent recession, when the company loaded 18 ships through the full year and recorded sales of…

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Heiligenstein Takes Helm as IBTTA President

On January 1st, Mike Heiligenstein, executive director of the Central Texas Regional Mobility Authority (CTRMA), Austin, Texas, began his year-long term as president of the International Bridge, Tunnel and Turnpike Association (IBTTA), the worldwide association representing toll facility owners and operators and the businesses that serve them.

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