Construction Spending Down for Month; Up for Year

Construction spending during April 2017 was estimated at a seasonally adjusted annual rate of $1,218.5 billion, 1.4 percent (±1.0 percent) below the revised March estimate of $1,235.5 billion. The April figure is 6.7 percent (±1.5 percent) above the April 2016 estimate of $1,142.5 billion.

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Progressive Group Calls for $2 Trillion Infrastructure Investment

The Congressional Progressive Caucus called for even greater investment in America's infrastructure than President Trump's $1 trillion plan. The group's plan invests $2 trillion over 10 years, employing 2.5 million Americans in its first year, to rebuild transportation, water, energy and information systems, while massively overhauling the country’s unsafe and inefficient schools, homes and public buildings. 

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Graymont Sells New York Materials Business to Upstone

Graymont said it has completed a transaction to sell its New York Materials business to Upstone Materials Inc., a member of paving, aggregates and construction sector firm Barrett Industries Group.

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Deere & Co. to Acquire Wirtgen Group

Deere & Co. has signed a definitive agreement to acquire the Wirtgen Group. The purchase price for the equity is EUR 4.357 billion in an all-cash transaction. The total transaction value is approximately EUR 4.6 billion ($5.2 billion based on current exchange rates), including the assumption of net debt and other consideration. 

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Carmeuse Employees Clean Up

The Carmeuse Lime & Stone Port Inland operation recently pulled together a team of 14 employees who volunteered their time to clean up the roadside of their adopted section of highway. 

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