This Week’s Market Buzz

• Oil prices steadied near two-year highs and the market outlook remained upbeat as OPEC-led supply cuts tightened the market and drained inventories. Brent crude was up 3 cents at $60.51 per barrel. U.S. light crude was up 6 cents, or 0.1 percent, at $54.36, almost 30 percent above its 2017 lows in June. Confidence has been fueled by an…

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Volvo CE to Open Toronto Distribution Center

Volvo Construction Equipment (Volvo CE) is bolstering its commitment to customer uptime with a new parts distribution center in the Greater Toronto Area, scheduled to open in early 2018. The facility supports Volvo CE’s best-in-class customer experience initiative and allows Volvo dealers to restock both common and business-critical parts faster – a huge advantage for its more than 40 dealer…

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Vulcan Makes Third-Quarter Gains Despite Weather

Vulcan Materials Co. announced results for the third quarter ended Sept. 30, 2017. According to the company, Hurricanes Harvey and Irma negatively affected more than half of the company’s operational footprint in the third quarter. Important Southeastern markets, particularly Florida and Georgia, as well as coastal markets in Texas and along the central Gulf Coast were disrupted. Prolonged extreme weather…

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