Covia announced a series of actions that are expected to improve its financial flexibility:
Read MoreMonth: January 2020
Demographics, Politics Hurt Wisconsin Sand Industry
According to Isiah Holmes, writing for the Wisconsin Examiner, Wisconsin’s frac sand industry appears to be migrating away from the state’s rural north, and toward more favorable territories in Texas
Read MoreLean Times Predicted for Wisconsin Sand
According to Rich Kremer, writing for Wisconsin Public Radio, after a year of decline for Wisconsin’s frac sand mining industry marked by closures and bankruptcy, a national analyst expects more sluggish demand in 2020. Over the last two years, the once prized silica sand mined in Wisconsin, known as “Northern White,” has fallen out of favor among a growing number…
Read MoreThis Week’s Market Buzz
• The Iran crisis has oil heading up and down. West Texas Intermediate crude oil shed 4.8% to close at $59.72 a barrel at press time. Oil was already deeply in the red after a weekly inventory report showed a surprise build of U.S. stockpiles. The prior evening the U.S. benchmark hit an overnight high of $65.
Read MoreCan’t Afford to Take the Year Off
Jan. 9, 2019 – U.S. Chamber of Commerce CEO Thomas J. Donohue just gave his annual State of American Business address, where he outlined top priorities for the business community in the coming year. While acknowledging the complex political environment, Donohue called out top challenges that require bipartisan action in Washington, including a comprehensive infrastructure package, reforms to our immigration system,…
Read MorePeckham Industries Acquires JSL Materials
Peckham Industries Inc., has acquired JSL Materials Inc. (parent company to John S. Lane & Son and JSL Asphalt). Located in Westfield, Mass., JSL Materials is one of the leading aggregate producers in New England.
Read MoreInteractive Map Encourages Investment in Infrastructure Projects
The U.S. Department of Transportation (DOT) announced a new interactive map highlighting federal investment in major infrastructure projects located in and around Opportunity Zones. The detailed information about vital infrastructure resources located in and near Opportunity Zones is intended to encourage further economic investment.
Read MoreCemex USA Safety Week Highlights ‘Safety Through Leadership’
Cemex USA kicked-off the new year by hosting its annual company-wide Safety Week 2020, an initiative solely focused on one of its core values, Health & Safety. This year’s theme, “Safety Through Leadership,” empowers supervisors and others in leadership roles to actively lead their teams to success by utilizing the tools provided by Cemex to nourish a strong and supportive…
Read MoreCemex Announces Divestment of Certain UK Assets
One of Cemex’s subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group, for a total consideration of approximately $235 million, which includes approximately $31 million of debt.
Read MoreDodge Momentum Index Moves Higher in December
The Dodge Momentum Index increased 1.5% in December to 156.2 (2000=100) from the revised November reading of 153.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. Both components of the Momentum Index rose over…
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