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April Construction Slips One Percent

New construction starts in April settled back 1 percent to a seasonally adjusted annual rate of $473.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The public works sector retreated from its elevated pace in March, and housing experienced a slight loss of momentum. Highway and bridge construction in April retreated 25 percent.

Read more: April Construction Slips One Percent

Rental Revenue to Top $38 Billion in 2013

The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor updated in May. This figure represents a 7.3 percent increase over 2012 with revenue growth reaching 7.9 percent in the fourth quarter according to the latest quarterly forecast.

Read more: Rental Revenue to Top $38 Billion in 2013

Deere Announces Record Earnings

Deere & Co. sales and income reached new single-quarter records, according to the company. Net income was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year.

Read more: Deere Announces Record Earnings

MDU Resources Names Vice President

MDU Resources Group announced that Dennis L. Haider was named executive vice president of business development, effective June 1.

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Minerals Bill Heads to Committee Mark-Up

The House Natural Resources Committee scheduled a markup for Rep. Mark Amodei’s (R-Nev.) National Strategic and Critical Minerals Production Act (H.R. 761) for the morning of May 15, according to the National Stone, Sand and Gravel Association. Aimed at making America less dependent on foreign “critical and strategic” minerals, including aggregates, the bill is identical to the one passed by the House during the 112th Congress, and would require the U.S. Department of Agriculture and the U.S. Department of the Interior to more effectively develop domestic resources of minerals of "strategic and critical importance.”

Read more: Minerals Bill Heads to Committee Mark-Up