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Republican Supports Doubling Gas Tax

RR050319 Collins2May 3, 2019 – According to a report on The Hill, a republican legislator is calling for the doubling of the federal gas tax and airline fees in order to pay for the $2 trillion infrastructure package being negotiated by President Trump and Democratic leaders. Rep. Chris Collins (R-N.Y.) is urging Congress to double the 18.4-cents-per-gal. gasoline tax, which has not been raised in more than a quarter century. He also wants to double the existing fee that airline passengers pay per flight.

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Vulcan Looking Good

RR050219 VulcanLogoMay 2, 2019 – Vulcan Materials released its first quarter report, with aggregates segment gross profit up 25% to $186 million. According to the company, price growth was positive across all markets served by the company. For the quarter, freight-adjusted average sales price for aggregates increased 5.4% versus the prior-year's quarter. Excluding mix impact, aggregates prices increased 5.8% compared to the prior-year first quarter. Pricing was particularly strong in Arizona, California, Georgia, Tennessee and Texas. Positive trends in backlogged project work along with demand visibility and customer confidence support continued upward pricing movements throughout 2019.

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The Mark S. Walsh Award

RR050119 YLMay 1, 2019 – At this year's NSSGA Young Leaders Annual Meeting in Hilton Head, S.C., Rock Products Associate Editor Josephine Patterson presented U.S. Concrete's Brian Mahavierwith the group's coveted Mark S. Walsh Leadership Award. Rock Products sponsors this annual award, given to the one individual that, according to the award: “Exemplifies the leadership traits of professionalism, enthusiasm and commitment and whose efforts in improving and developing the image and programs of the Young Leaders are in keeping with the example set forth by the honoree of this award.”

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Martin Marietta's Outlook

RR043019 MartinMariettalogoApril 30, 2019 – Martin Marietta Materials just released its first quarter report, with record results. How do they see things going for the remainder of this year? Glad you asked. In its report, it states: "Infrastructure construction, particularly for aggregates-intensive highways and streets, should benefit from recent accelerations in state lettings and contract awards in key Martin Marietta states, continued FAST Act funding, and regulatory reform that allows for reduced permitting time for large projects. Importantly, states will continue to play an expanded role in infrastructure investment. Incremental funding at the state and local levels, through bond issuances, toll roads and tax initiatives, should grow at faster near-term rates than federal funding. Martin Marietta’s top 10 states – Texas, Colorado, North Carolina, Georgia, Iowa, Florida, South Carolina, Indiana, Maryland and Nebraska – accounted for 85% of total Building Materials’ revenues in 2018 and have all introduced incremental transportation funding measures within the last five years. Third-party forecasts also predict increased infrastructure investment this year and beyond."

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Used Tires a Canadian Concern

RR042619 tiresApril 26, 2019 – In Canada, it is time to "re-tire." The Association of Equipment Manufacturers (AEM) reports that a recently implemented law in Canada’s province of Ontario tasks companies with following through on significant obligations associated with the disposal of used tires throughout the product lifecycle. Companies that sell, distribute or manufacture tires, or products using tires in Ontario, are responsible for meeting mandatory and enforceable targets for collecting and recycling used tires. Ontario’s new tire stewardship program is now up and running under a new program administered under the Resource Productivity and Recovery Authority. 

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