The Dodge Momentum Index rose 7.1% in February to 149.0 (2000=100) from the revised January reading of 139.1. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The institutional component of the Momentum Index jumped 26.3% during…
Read MoreDay: March 5, 2021
OSSGA Presents Health & Safety Innovation Award
James Dick Construction’s Brechin Quarry and Assinck Limited were presented with the inaugural 2020 Ontario Stone, Sand & Gravel Association (OSSGA) Health & Safety Innovation Award, in recognition of their innovative Safe-T-Key that allows for opening/closing doors, and punching keypads without touching surfaces, thereby preventing the spread of COVID-19.
Read MoreMines Produced an Estimated $82.3 Billion in Minerals During 2020
U.S. mines produced approximately $82.3 billion in minerals in 2020 – about $1.5 billion lower than the 2019 revised total of $83.7 billion – according to the U.S. Geological Survey (USGS).
Read MoreShell, C3 AI, Baker Hughes and Microsoft Launch Open AI Energy Initiative
Baker Hughes and Microsoft announced the launch of the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
Read MoreSmart Sand Buoyed by Eagle Acquisition
Smart Sand Inc announced fourth quarter and full year 2020 revenue of $25.3 million and $122.3 million, respectively; and fourth quarter and full year 2020 total tons sold of approximately 612,000 and 1,886,000, respectively, for the year ended Dec. 31, 2020.
Read MoreU.S. Silica Cites Surging Proppant Demand in Quarterly Report
U.S. Silica Holdings Inc. announced net income of $4.6 million, or $0.06 per basic and diluted share, for the fourth quarter ended Dec. 31, 2020, compared with a net loss of $292.9 million or $3.99 per basic and diluted share for the fourth quarter of 2019.
Read MoreThis Week’s Market Buzz
• The U.S. oil benchmark, WTI Crude, rose at press time to above $64 a barrel, soaring by more than 5%, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April. Brent Crude prices jumped above $67 per barrel, to $67.17, up by 5.10%, after OPEC+ sources…
Read MoreStedman Offers Heavy Duty 6-Row Cage Mill
The Stedman Heavy Duty 6-row cage mill addresses an opportunity for finer grinding equipment at a lower cost. Stedman has numerous 6-row cage mills in non-abrasive applications: aglime, lime (hydrated, quick-lime), cement and more. Wear parts perform well in these applications. In materials with some abrasiveness, the Heavy Duty 6-row is an innovative extension of this well-established product line.
Read MoreStrong Public Support for Investment in Infrastructure
Eight in 10 Americans believe investing in infrastructure will stimulate the economy and is vital for future growth, according to an Ipsos Global Advisor survey conducted in 27 countries in partnership with the Global Infrastructure Investor Association (GIIA). The survey is the largest of its kind looking at the public’s attitudes toward infrastructure and investment. It finds nearly two-thirds of…
Read MoreFederal Court Decision Clears the Way for Faster Transportation Improvements
A major court decision has given every state in the country a clear understanding of how far federal jurisdiction extends over the nation’s water bodies, eliminating potentially costly delays in transportation system upgrades, according to the American Road & Transportation Builders Association (ARTBA) and National Stone, Sand & Gravel Association (NSSGA).
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