Construction Spending at Record Levels for Second Straight Month

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of the President’s pending infrastructure plan, which should boost construction demand.

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Summit Materials' Aggregates Revenues Spike Higher in First Quarter

Summit Materials Inc. announced results for the first quarter 2017. For the three months ended April 1, 2017, the company reported a net loss of $52.4 million, compared to a net loss of $21.1 million in the prior-year period. On an adjusted basis, Summit reported a net loss of $54.8 million, versus a diluted net loss of $42.5 million in the prior year period.

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Great Lakes Limestone Trade Down in April

Shipments of limestone on the Great Lakes totaled 1,630,081 tons in April, a decrease of 16.3 percent compared to a year ago. Loadings also trailed the month’s five-year average by 22.4 percent, according to the Lake Carriers' Association.

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Recent Deaths of Miners Working Alone Spurs MSHA Action

In the first three months of 2017, five miners died in accidents that occurred when they were working alone on mine property. To raise awareness of the potential dangers in doing so, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched an initiative to focus on the hazards miners may encounter when they work in areas away from others.

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Martin Marietta Off to Strong Start in 2017

Martin Marietta Materials Inc. reported strong results for the first-quarter ended March 31, 2017. The company achieved record consolidated net sales of $791.7 million, an increase of 7.9 percent compared with $734.0 million in the prior-year's first quarter.

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