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U.S. DOT Announces $856 Million in INFRA Grants

The U.S. Department of Transportation announced $855,950,000 in proposed grants through the Infrastructure for Rebuilding America (INFRA) discretionary grant program.

Read more: U.S. DOT Announces $856 Million in INFRA Grants

Summit Materials Sees Spike in Aggregates Revenues

Summit Materials Inc. announced that for the three months ended June 29, net income attributable to Summit Inc. was $36.4 million, or $0.32 per basic share, compared to net income attributable to Summit Inc. of $35.5 million, or $0.32 per basic share in the comparable prior-year period. 

Read more: Summit Materials Sees Spike in Aggregates Revenues

Kespry, DroneBase Announce Partnership

Kespry and DroneBase announced a partnership to enable insurance, mining, and aggregates enterprises across North America to expand aerial analytics implementation across their worksites.

Read more: Kespry, DroneBase Announce Partnership

June Construction Spending Down; Highways Dip

The U.S. Census Bureau reported that construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3% (±1.2%) below the revised May estimate of $1,303.4 billion. 

Read more: June Construction Spending Down; Highways Dip

North American Market Strong for LafargeHolcim

LafargeHolcim reported that net sales in the second quarter grew by 3.5% like-for-like compared to the prior-year period. This achievement has been driven by successful pricing management and higher cement volumes. Net sales grew in all regions supported by a favorable market environment in general, in particular in Europe and North America.

Read more: North American Market Strong for LafargeHolcim