This Week’s Market Buzz

•    Although U.S. benchmark crude futures have rebounded from April’s negative territory, price rallies remain limited amid uncertainty over when oil consumption will return to normal; and virus cases spiking in new hot spots like Iowa and South Dakota. Demand may also take a hit in September and October as Chinese imports ease state-issued quotas for independent refiners following a…

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BARD Materials Banks on Aerial Intelligence Platform

Drone-based aerial intelligence solution provider Kespry announced BARD Materials is using the Kespry platform for inventory management and mine planning. BARD Materials is a leading ready mix concrete and aggregates company in the Illinois-Iowa-Wisconsin tri-state area. It has a network of 24-plus ready mix plants and 60 aggregate sources across the region.

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New Home Sales Surge in July to 13-Year High

In a sign that the housing market continues to lead the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9% to a seasonally adjusted annual rate of 901,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The July rate is 36.3% higher than…

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Today’s Rant: What Does ‘Infrastructure’ Mean?

Sept. 2, 2020 – When we talk about infrastructure, we mean roads and highways, bridges and tunnels, airports and docks, sewer and water systems. What we are not talking about is electrical wires, cable, wireless networks, the internet and future 5G capabilities. How did all that get bundled into the word “infrastructure?” When did that happen? Can’t they use their own moniker? What happened to…

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