The Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for construction materials fell 0.6 percent in October after holding steady in September. Despite the recent decline, the measure was up 6.9 percent from a year earlier, and 5.6 percent higher than October 2008.
Read more: Construction Materials Price Index Released for October
The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6 percent) above the revised September estimate of $792.1 billion. The October figure is 0.4 percent (±1.9 percent) below the October 2010 estimate of $802.0 billion.
Deere & Co. net income was $669.6 million, or $1.62 per share, for the fourth quarter ended Oct. 31, compared with $457.2 million, or $1.07 per share, for the same period last year.
Read more: Deere's Construction and Forestry Sales Up 45 Percent in 2011
MSHA will begin implementing pre-assessment conferencing procedures in January 2012 to help reduce any backlog of future violations before the Federal Mine Safety and Health Review Commission.
Read more: MSHA To Start Using Pre-Assessment Conferencing Procedures
Sandvik Mining and Construction and Flanders have entered a formal partnership to automate surface-mining drill rigs and provide autonomous operation. With this new partnership, the two suppliers will collaborate closely to offer customers the most effective and efficient drilling systems in the industry.
