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Key Economic Markers Released

RR092319 economicsSept. 23, 2019 – Two key industry economic markers hit on the same day. USGS reported that an estimated 680 Mt of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2019, an increase of 3% compared with that of the second quarter of 2018. Production for consumption in the first six months of 2019 increased by 5% compared with that of the same period of 2018. Not strong, but steady production, we will take it. Meanwhile, new construction starts dropped 6% in August; and while nonbuilding constriction was down for the month, it is up for the year, according to Dodge Data and Analytics. “The August decline was expected after July’s robust level of starts,” stated Richard Branch, the new chief economist for Dodge Data & Analytics. “Furthermore, the year-to-date activity continued to suggest that this year’s levels are easing back from what was seen in 2018 – essentially mirroring the slowdown in overall economic growth.”

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Ohio CAT Roars

RR092019 OhioCatSept. 20, 2019 – Ohio CAT is roaring. The Caterpillar dealer in Ohio, northern Kentucky and southeastern Indiana kicked off construction of its newest building project with a ceremonial groundbreaking at its recently purchased property in the city of Perrysburg, Ohio. Building construction at the nearly 40-acre property off of Eckel Junction Rd. will house Ohio CAT, The Cat Rental Store and Northern Ohio Peterbilt, all on one campus. The project will consist of construction of a 65,250-sq.-ft. building including shop space, a parts warehouse, and office space for Ohio CAT’s machine sales, rental and administrative personnel. Other equipment-related work includes an 8,300-sq.-ft. wash building and a 5,940-sq.-ft. cold storage structure. In addition, Northern Ohio Peterbilt, the company’s on highway truck dealership, will be housed in a new 68,000-sq.-ft. building adjacent to Ohio CAT with 26 service bays and a 7,400-sq.-ft. cold storage structure.

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Chao Under Investigation

RR091719 SecChaoSept. 16, 2019 – Transportation Secretary Elaine Chao is under investigation by the House Oversight and Reform Committee for improperly using her office to benefit herself and a shipping company owned by her family. Chao is also under investigation for her failure to divest from Vulcan Materials Co., where she had served on the board of directors before her appointment to transportation secretary. Chao has denied wrongdoing. A spokesperson for the Transportation Department said, “Media attacks targeting the Secretary’s family are stale and only attempt to undermine her long career of public service,” the spokesperson said.

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Here Comes Aggregates Day

RR050219 VulcanLogoSept. 12, 2019 –Vulcan Materials Co. announced that it will webcast its Aggregates Day event live on Tuesday, Sept.17. The presentation will be led by Tom Hill, Vulcan's chairman and chief executive officer, and will include presentations from other members of the management team on the company's strategy, financial outlook and performance. Vulcan invites interested parties to listen to the live webcast, which will begin at 8:00 a.m. ET and is expected to end at approximately 10:30 a.m. ET. The webcast will be accessible on Vulcan's website, www.vulcanmaterials.com, with a replay available following the conclusion of the event. 

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Educated Investment

RR091019 LehighSept. 10, 2019 – Lehigh Hanson Inc. announced that its Hanson Aggregates subsidiary in Columbia, S.C., will donate up to $500,000 to Columbia International University (CIU) in support of the university’s revitalization efforts along Monticello Road, the corridor to the CIU campus. The company, which has operations near Monticello Road, presented an initial donation of $100,000 to the university Aug. 20, according to the Columbia Star. CIU has purchased seven properties transforming the formerly blighted area into a commercially viable district. A Dairy Queen/convenience store combo will be situated on three lots at the corner of Monticello Road and Peeples Street just off Interstate 20. A new sheriff ’s department substation will be located on another nearby lot. CIU cleared the properties of vacant buildings and a bar room earlier this year. Kudos to Lehigh Hanson for its conscious effort to invest in the community.

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