Canadian National Railway (CN) reported a higher than expected net profit in the first quarter but said lower commodity shipments weighed on revenue and have prompted a downward revision to the company’s 2016 financial outlook. Its frac sand business was down 45 percent and coal was cut in half, accounting for 3.1 percent of total business, the lowest of any…
Read MoreMonth: May 2016
Martin Marietta Soars to Record Results in First Quarter
Martin Marietta Materials Inc. reported record results for the first quarter ended March 31, 2016. Consolidated net sales totaled $734 million, up from $631.9 million in the first quarter of 2015. Aggregates volume was 32,665 tons, up from 28,836 tons in the first quarter of 2015.
Read MoreAtlas Copco Adds MECO Miami to Dealer Network
Atlas Copco Construction announced MECO Miami Inc. as a dedicated service provider for customers near Pampano Beach, Fla. “MECO Miami has a great history of supporting its customers,” said Alan Kurus, Atlas Copco Construction vice president of sales. “Our customers can rest assured that their equipment needs will be met while working with MECO, and I’m confident that MECO will continue representing the…
Read MoreMarch Construction Spending Ticks Upward; Infrastructure on Roll
The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2016 was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3 percent (±1.0 percent) above the revised February estimate of $1,133.6 billion.
Read MoreLafarge’s Presque Isle Quarry Sponsors Scholarship
Lafarge North America’s Presque Isle Quarry in Michigan (a member of LafargeHolcim) sponsored student scholarships at the 2016 Black Mountain Chapter of the National Wild Turkey Federation’s (NWTF) Annual Hunting Heritage and Scholarship Awards Banquet. Several employees from Presque Isle Quarry attended the event on April 16 to present the awards.
Read MoreVulcan Rocks Savannah
May 4, 2016 –Vulcan Materials Co. held a ribbon-cutting and grand opening for its newest facility, the Savannah Sales Yard in Garden City, Ga. The new rail-served facility on Sonny Perdue Drive in Garden City is designed to better serve the growing industrial construction industry, David Grayson, president of the company’s southeast division told Business in Savannah. “Ask any economist and they…
Read MoreSummit Acquires Sierra Ready Mix
Summit Materials Inc. announced that it has acquired Sierra Ready Mix LLC, a vertically integrated aggregates and ready-mix concrete business located in Las Vegas. The acquisition provides Summit with premier, well-located assets in an expanding market, the company said.
Read MoreMartin Receives Mark S. Walsh Leadership Award
Pictured are (l to r) Rod Martin, Martin Stone Quarries; Josephine Smith, Rock Products; and Jennfier Hise, CEMCO. Rod Martin received the 2016 Mark S. Walsh Leadership Award at the National Stone, Sand and Gravel Association’s (NSSGA) Young Leaders Annual Meeting in Austin, Texas. Martin is the third-generation executive of Bechtelsville, Pa.-based Martin Stone Quarries Inc.. The Mark S. Walsh Annual…
Read MoreVulcan First-Quarter Revenues Leap 20 Percent
Vulcan Materials Co. announced results for the first quarter ending March 31, 2016. The company said it’s first-quarter results reflect continued strong revenue growth and margin expansion. Total revenues increased $123 million, or 20 percent, to $755 million. Gross profit increased $87 million, or 112 percent, to $165 million.
Read MoreIndustry’s Young Leaders Meet in Austin, Texas
Everything is bigger in Texas, and the annual National Stone, Sand and Gravel Association’s Young Leaders (YL) meeting was no exception. Last week’s gathering in Austin was the largest YL meeting to-date with nearly 190 registered attendees, including Rock Products’ Associate Editor Josephine Smith. Things kicked off Thursday, April 28 with a tour of Summit Materials’ Hays Quarry, one of…
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