VDG is modernizing conveyor systems with efficient, safe,and reliable drum motors. Based on a recent study that was published by Gartner, more than 60% of businesses and companies have experienced delays in their supply chains as a result of the COVID-19 pandemic. However VDG has managed to maintain an intact supply chain throughout the pandemic, and has even released a…
Read MoreMonth: May 2021
NSSGA Young Leaders Meeting Goes Virtual
The National Stone, Sand & Gravel Association (NSSGA) held the 2021 Young Leaders Annual Meeting on April 28-29 in a digital format. The meeting took place over two half-days with education and professional development sessions.
Read MoreConstruction Spending Ticks Upward
The U.S. Census Bureau announced that construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% (±0.8%) above the revised February estimate of $1,509.9 billion. The March figure is 5.3% (±1.0%) above the March 2020 estimate of $1,436.7 billion.
Read MoreVulcan Looks Ahead
May 4, 2021 – Vulcan Materials came out of the gate strong in the first quarter of 2021, reporting an Aggregates segment sales increase of 3% and a gross profit increase of 15%. Management expectations for the remainder of 2021 include the following updates:
Read MoreMartin Marietta Reports Record First-Quarter Consolidated Revenues
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.
Read MoreVulcan Aggregates Business Rises in First Quarter
Vulcan Materials Co. announced results for the quarter ended March 31. First-quarter total revenues were $1.068 billion, versus $1.049 billion in the first quarter of 2020. Net earnings were $161 million. Trailing 12-month totals were $4.876 billion versus $4.982 billion.
Read MoreNew Enterprise Acquires Hempt Bros.
New Enterprise Stone & Lime Co. Inc. (NESL) has acquired all the outstanding stock of Hempt Bros. Inc. The strategic acquisition consists of three aggregate plants, four hot mix asphalt plants, two ready mixed concrete plants, paving and heavy highway construction in the Harrisburg, Pa., area.
Read MoreU.S. Silica Releases 2020 Corporate Responsibility Report
U.S. Silica Holdings Inc. released its Corporate Responsibility Report, summarizing the company’s global sustainability activities, performance and results from calendar year 2020. The report provides a look at how U.S. Silica is operating to make positive impacts both in its internal community and on the communities in which it operates, and contributing to sustainable products used around the world.
Read MorePropane Council Shares Air Quality Resources
May 3, 2021 – In celebration of Clean Air Month, the Propane Education & Research Council (PERC) is encouraging construction professionals to visit its webpage dedicated to carbon monoxide (CO) safety and indoor air quality this month. Celebrated in May, the American Lung Association (ALA) sponsors Clean Air Month to bring heightened awareness to the correlation between clean air and respiratory…
Read MoreCat Sales, Revenue Up in First Quarter
Caterpillar reported first quarter 2021 sales and revenues of $11.887 billion compared with $10.635 billion in the first quarter of 2020, a 11.8% increase. The company’s Construction Industries Division posted total sales of $5.459 billion in the first quarter of 2021, an increase of $1.153 billion, or 27%, compared with $4.306 billion in the first quarter of 2020.
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