U.S. Concrete Aggregates Product Revenue an All-Time High

U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.

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Simonson Says Price Increases Continue

Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…

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North American Mining Hires Publishing Veterans

May 6, 2021 – Pleased to give a shout out to Semco’s new publication, North American Mining magazine, which has hired two key industry veterans with significant experience in the mining sector to lead sales and editorial. “Vic Matteucci will head up sales and Donna Schmidt assumes the reins of editor,” stated Peter Johnson, publisher of the magazine. “The staff of North American Mining magazine…

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Volvo CE Expands Parts Distribution Network in Western U.S.

Volvo Construction Equipment (Volvo CE) has completed a 75,000-sq.-ft. expansion of its Reno, Nev., regional parts distribution center. The project, in conjunction with Volvo Group Service Market Logistics, increases floor space by 125% and brings parts closer to construction equipment customers with faster delivery times and reduced shipping costs.

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Martin Marietta Sees Good Year Ahead

May 5, 2021 – Martin Marietta Materials Inc. reported results for the first quarter ended March 31. Total revenues were $982.4 million versus $958.2 million in the first quarter of 2020. Looking ahead, Martin Marietta remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy…

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