The House of Representatives Committee on Transportation and Infrastructure held a hearing on Feb.15 to elicit the perspectives of transportation stakeholders on the implementation of new “Buy America” provisions.
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Permitting Update: Utah
The Salt Lake County Council voted to officially oppose a proposed mining bill at the state capitol. The bill recommended would lessen regulations to allow mines to expand with a focus on reducing the cost of sand and gravel. Critics argued it would undermine local authority and infringe on property owners’ rights. A similar bill filed in the Senate earlier in the…
Read MoreHeidelberg Materials Partners With BirdLife International
Heidelberg Materials and BirdLife International, the world’s largest network of nature conservation organisations, have extended their long-standing partnership. The partners signed a memorandum of understanding covering the next three years and setting the course for continued long-term collaboration.
Read MoreC&D World Exceeds Expectations: CDRA Celebrates Success
The Construction & Demolition Recycling Association’s (CDRA) annual convention, C&D World, was held Jan. 31 to Feb. 2, bringing together industry participants to share knowledge and tackle challenges faced by C&D recyclers.
Read MoreVulcan Materials Caps Year With Powerful Performance
Vulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2023, reporting total revenues of $1.83 billion in the fourth quarter versus $1.73 billion in the fourth quarter of 2022; and $7.78 billion for full-year 2023 versus $7.32 billion for full-year 2022.
Read MoreBadger Mining to Acquire Athabasca Minerals
Athabasca Minerals Inc., together with its subsidiaries, has entered into a transaction agreement with Badger Mining Corp. for the acquisition of the corporation. The Transaction is to be implemented by way of a subscription agreement between the corporation and the purchaser, and a reverse vesting order (RVO) to be issued by the Alberta Court of King’s Bench under the Bankruptcy…
Read MoreKnife River Revenues Rise 12% in 2023 Paced by Northwest Region
Knife River Corp. announced financial results for the fourth quarter and full-year ended Dec. 31, 2023. For the three months ended Dec. 31, 2023, Knife River reported consolidated revenue of $646.9 million, a 20% increase from the prior-year period, driven by price increases across all core product lines and an extended construction season throughout its footprint.
Read MoreSummit Establishes Annual Records for Revenue, Profitability
Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 30, 2023. Net revenue increased $220.7 million, or 9.9%, in 2023 to $2.4 billion, as strong pricing across all lines of business and contributions from acquisitions more than offset lower volumes and the impact of divestitures. Operating income increased $41.6 million, or 15.5% in 2023 to…
Read MoreArmada Materials Completes Acquisition in Tennessee
Armada Materials LLC has acquired the assets of Wright Paving Contractors Inc. and Custom Stone LLC of Fayetteville, Tenn.
Read MoreMartin Marietta Has Best Year in Company History
Martin Marietta Materials Inc. reported results for the fourth quarter and year ended Dec. 31, 2023. For the fourth quarter, total revenues were $1.608 billion versus $1.477. billon for the fourth quarter of 2022, an 8.9% increase. For full year 2023, the company is reporting total revenues of $6.777 billion versus $6.161 billion in 2022, a 10% improvement.
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