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High Water and Pandemic Challenge Great Lakes-Seaway Shipping

Just as the 2020 shipping season on the Great Lakes and St. Lawrence Seaway was getting underway, the COVID-19 pandemic ramped up in North America. The challenges and necessities of the pandemic are reflected in port tonnage totals for the start of the season. 

Read more: High Water and Pandemic Challenge Great Lakes-Seaway Shipping

Eagle Materials Reports Record Revenue

Eagle Materials Inc. reported financial results for fiscal year 2020 and the fiscal fourth quarter ended March 31. The company is reporting record revenue of $1.5 billion, up 4% for fiscal year 2020 and record revenue of $315.4 million in the fiscal fourth quarter, up 11%.

Read more: Eagle Materials Reports Record Revenue

Final Hours-of-Service Rule Released by FMCSA

According to the National Stone, Sand and Gravel Association (NSSGA), the Federal Motor Carrier Safety Administration (FMCSA) released its final Hours-of-Service (HOS) rule for the trucking industry.

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Housing Starts Plummet; NAHB Says 'Don't Panic'

Reflecting the continued impact of the COVID-19 pandemic, total housing starts decreased 30.2% in April to a seasonally adjusted annual rate of 891,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

Read more: Housing Starts Plummet; NAHB Says 'Don't Panic'

Construction Starts Show Sharp Contraction in April

Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and the economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March, while residential dropped 25%. The decline in nonbuilding construction starts was more tepid, falling just 5% due to strong activity in streets and bridges.

Read more: Construction Starts Show Sharp Contraction in April