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Lafarge North America Signs 2050 Conservation Vision

Lafarge North America, as part of its ongoing partnership with the World Wildlife Fund (WWF) Canada, signed their 2050 Conservation Vision, a statement reaffirming the company’s commitment to conservation in the southern Canadian Rocky Mountains. Bob Cooper, president, Western Business Unit, Cement Division; and René Thibault, president, Western Canada Region, Aggregates & Concrete Division, signed the 2050 Conservation Vision Statement at the Lafarge Seebe quarry near Exshaw, Alberta.

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March Construction Spending Rises

The U.S. Census Bureau of the Department of Commerce reports that construction spending during March was estimated at a seasonally adjusted annual rate of $768.9 billion, 1.4 percent (±1.6 percent) above the revised February estimate of $758.6 billion. The March figure is 6.7 percent (±1.8 percent) below the March 2010 estimate of $824.0 billion.

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Caterpillar First-Quarter Profit up 426 Percent

Caterpillar exceeded all expectations with a first-quarter 2011 profit of $1.225 billion compared with a profit of $233 million in the first quarter of 2010. That is an improvement of 426 percent. The increase was primarily a result of significantly higher sales volume. Price realization was favorable, but the impact was more than offset by higher manufacturing, selling, general and administrative and research and development expenses. In addition, $90 million of the improvement was due to the absence of a tax charge from the first quarter of 2010 related to enactment of U.S. health care legislation.

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Vulcan Announces First Quarter Results

Vulcan Materials reported that aggregates shipments declined approximately 3 percent in the first quarter of 2011, reflecting varied market conditions in its markets. Net earnings were a loss of $55 million, or $0.42 per diluted share. The quarter's results include income of $0.08 per diluted share from discontinued operations as well as $0.12 per diluted share for the insurance arbitration award to the company for recovery of settlement costs and legal costs related to the lawsuit settled last year with the Illinois Department of Transportation.

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TRIP Releases Missouri Report

A new report finds that additional transportation funding has allowed Missouri to accelerate bridge repair and replacement, pavement improvements, and safety upgrades. However, deficiencies remain on Missouri’s surface transportation system and recent gains could be lost without continued support for transportation maintenance, improvement and expansion.

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