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Advance Registrations Surge for AGG1

NOTD AGG1 150The World of Asphalt Show & Conference and AGG1 Academy & Expo 2016 are on track to be standouts with advance registration for the exhibitions and education programs tracking far ahead of past shows, and a record show size for both AGG1 and World of Asphalt.

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Construction Spending Rises in December; Full-Year 2015

The U.S. Census Bureau of the Department of Commerce announced that construction spending during December 2015 was estimated at a seasonally adjusted annual rate of $1,116.6 billion, 0.1 percent (±1.2 percent) above the revised November estimate of $1,116.0 billion. The December figure is 8.2 percent (±1.8 percent) above the December 2014 estimate of $1,031.6 billion.

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Caterpillar Looks for Market Rebound

Caterpillar Inc. announced 2015 fourth-quarter sales and revenues of $11.0 billion, down from $14.2 billion in the fourth quarter of 2014. Sales and revenues for full-year 2015 were nearly 15 percent lower than 2014 and 29 percent off the 2012 peak. The two most significant reasons for the decline from 2014 were weakening economic growth and substantially lower commodity prices, according to the company.

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