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Vulcan Materials Reports Strong Growth

Vulcan Materials Co. announced results for the third quarter ending Sept. 30, 2014. The company is reporting that total revenues increased $60 million, or 7 percent and gross profit increased $50 million, or 31 percent, while aggregates freight-adjusted revenues increased $66 million, or 14 percent. Average sales price increased 2 percent. Asphalt, concrete and cement segments gross profit improved $12 million, collectively.

 

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Luck Companies Earns Environmental Excellence Award

LuckCompanies-150Associates from Luck Companies recently accepted a Gold Medal in the 2014 Governor’s Environmental Excellence Awards from Virginia state officials. The company was honored for commitment to sustainability across all business units (Luck Stone, Charles Luck Stone Center, Har-Tru Sports, Luck Development Partners), resulting in significant improvements in water conservation, land preservation, waste generation and energy savings.

 

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Positive Momentum for Nonresidential Construction

Nonresidential fixed investment grew 5.5 percent in the third quarter after expanding 9.7 percent in the second quarter, according to the Bureau of Economic Analysis’ Oct. 30 gross domestic product (GDP) report. It has now expanded by greater than 5 percent in four of the past five quarters. In addition, investment in equipment increased 7.2 percent, while investment in nonresidential structures increased 3.8 percent.

 

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MSHA Issues Third-Quarter Fatality Data

The U.S. Department of Labor’s Mine Safety and Health Administration released a summary of U.S. mining deaths that occurred during the third quarter of 2014. From July 1 to Sept. 30, eight miners were killed in accidents at work, including five in metal and nonmetal mining and three in coal mining. In that same period in 2013, nine miners died in mining accidents.

 

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