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Construction Starts Fall Hard in April; Highways Up

The value of new construction starts in April fell 15% to a seasonally adjusted annual rate of $685.2 billion, pulling back following the 16% hike that was reported in March, according to Dodge Data & Analytics. Steep declines were registered by two of the three main construction sectors. 

Read more: Construction Starts Fall Hard in April; Highways Up

IMA-NA Presents Safety Awards

The Industrial Minerals Association – North America (IMA-NA) announced the companies and mining operations that will receive its safety recognition awards. IMA-NA Chairman Doug Smith and IMA-NA President Mark Ellis presented the awards at the IMA-NA’s Spring Meeting.

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Agreement Reached to Remove Steel, Aluminum Tariffs

On May 17, the United States, Canada and Mexico announced an agreement to remove tariffs on steel and aluminum imported from each of the countries. The move will lift the 25% steel and 10% aluminum tariffs the United States imposed nearly a year ago, which resulted in retaliatory measures from Canada and Mexico. Associated Equipment Distributors (AED) opposed the tariffs and frequently warned the Trump administration about its impact on the construction equipment industry and broader sector.

Read more: Agreement Reached to Remove Steel, Aluminum Tariffs

Weather Hampers Granite Construction's First Quarter

Granite Construction Inc. reported a net loss of $34.6 million for the quarter ended March 31, compared to a net loss of $11.4 million in the first quarter of 2018. Revenue increased to $619.8 million, compared with $563.4 million last year.

Read more: Weather Hampers Granite Construction's First Quarter

Panel Outlines Major Infrastructure Priorities for 2019

A panel discussion May 14 held in Washington, D.C., during a legislative summit sponsored by the American Road & Transportation Builders Association (ARTBA) focused on the major infrastructure issues facing the United States, especially in terms of generating more funding for transportation projects, reported the AASHTO Journal.

Read more: Panel Outlines Major Infrastructure Priorities for 2019