Mexican Government Again Seizes Private Property

The Mexican government sent in marines to take over part of a private railway line in southern Mexico, according to an AP report. It marked the second time this year that President Andrés Manuel López Obrador’s administration has seized ports or rail lines from private companies. In March, police and soldiers stormed in to seize a Caribbean coast seaport owned by…

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Holcim to Deploy 1,000 Volvo Electric Trucks

Holcim will deploy up to 1,000 electric trucks from Volvo by 2030, the company announced. Delivery for the first trucks will start in the fourth quarter of 2023.  This is the largest commercial order to date for Volvo electric trucks. Both companies are founding members of the First Movers Coalition (FMC), a coalition of companies that use their purchasing power…

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Construction Materials Professionals Participate in ARTBA Leadership Program

Three dozen emerging leaders in the transportation design and construction industry completed an intensive introduction to federal legislative and regulatory issues May 15-17 during the American Road & Transportation Builders Association (ARTBA) Foundation’s Industry Leader Development Program (ILDP). The annual event, held in conjunction with ARTBA’s Federal Issues Program and the Transportation Construction Coalition (TCC) Fly-In, also featured policy discussions…

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Feds Announce Natural Disaster Funding for Roads and Bridges

As part of the U.S. Department of Transportation’s coordinated approach to helping states repair and rebuild roads and bridges that have been damaged by catastrophic events, including increasingly frequent extreme weather events, the Biden-Harris Administration announced that it will provide $749 million in Emergency Relief Program funds to 39 states, the District of Columbia and Puerto Rico. These extreme weather…

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Eagle Materials Establishes New Financial Milestones

Eagle Materials Inc. reported financial results for fiscal year 2023 and the fiscal fourth quarter ended March 31, 2023.  For fiscal year 2023, the company is reporting record revenue of $2.1 billion, up 15% and net earnings of $461.5 million, up 23%. For the fourth quarter, the company is reporting record revenue of $470.1 million, up 14%. Fiscal 2023 revenue in…

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Total Construction Starts Slip in April

Total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building stats gained 12%. On a year-to-date basis through April, total construction starts were 7%…

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