This Week’s Market Buzz

The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable. The OPEC+ alliance of crude producers has been holding back roughly 8 million barrels per day from global…

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Miller Elected GCAA President

Travis Miller, Martin Marietta regional vice president/general manager for the North Georgia and Alabama districts began his two-year leadership role as president of the Georgia Construction Aggregate Association (GCAA) board of directors during the organization’s spring board meeting held via ZOOM. Miller has been a longtime supporter of GCAA and a leader in the aggregates industry. He will serve in…

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The Biden Proposal

April 2, 2021 – President Joe Biden’s eight-year infrastructure plan is nothing if not ambitious. The proposal – part of The American Jobs Plan – would spend $621 billion on roads, bridges, public transit, rail, ports, waterways, airports and electric vehicles in the service of improving air quality, reducing congestion and limiting greenhouse gas emissions. I like roads and bridges part of…

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NSSGA Applauds Representatives Asking for State DOT Relief

A bipartisan House Dear Colleague letter highlighting needed relief for state Departments of Transportation (DOTs), and the related infrastructure projects they implement, was led by Rep. Connor Lamb (D-Pa.), Rep. Bob Gibbs (R-Ohio), Rep. Salud Carbajal (D-Calif.) and Rep. John Katko (R-N.Y.) The letter included a total of 47 signatures.

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Construction Spending Down In February; Highways Decline

The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion. 

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