According to the U.S. Census Bureau, construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% (±0.5%) above the revised May estimate of $1,929.6 billion. The June figure is 3.5% (±1.3%) above the June 2022 estimate of $1,873.2 billion. During the first six months of this year, construction spending amounted to $917.4 billion,…
Read MoreDay: August 1, 2023
Martin Marietta’s Nye Looks Ahead
Aug. 1, 2023 – With the momentum of its just-reported quarterly records for revenues, profitability and unit margins, Martin Marietta Chairman and CEO Ward Nye is looking ahead to a strong finish to the year and a positive 2024. He stated, “As record-setting public funds for infrastructure and manufacturing begin to enter the U.S. economy, we continue to expect that aggregates…
Read MorePrecision Pulley & Idler Acquires Van Gorp Corp.
Precision Pulley & Idler (PPI) has acquired Van Gorp Corp., based in Pella, Iowa. Van Gorp has been in business for more than 90 years and has become a “well-respected manufacturer of conveyor components,” the company stated. “PPI and Van Gorp have a shared history and are both headquartered in Pella, Iowa. We operate and live in the same communities, making…
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