The economy will continue to remain steadily apace, interest rates will stabilize and possibly as early as sometime next year, look for another broad economic expansion that will be a boon to construction aggregates, according to the latest edition of The Pulse, the quarterly economic report from Allen-Villere Partners and Rock Products. The Pulse is the construction-materials industry’s premier economic…
Read MoreDay: September 20, 2023
Construction Starts Increase in August; Highways Surge
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…
Read MoreThe Pulse (Fourth Quarter 2023 Edition)
By Allen-Villere PartnersThe Pulse and the AVP Pulse Index, are joint projects between mergers-and-acquisition advisors Allen-Villere Partners, and Rock Products. The Pulse appears quarterly in Rock Products, and the AVP Pulse Index appears monthly. The Federal Reserve has raised its benchmark rate 11 times to cool inflation, with the latest rate increase of 25- basis-points in July. This puts the federal funds target…
Read MoreMSHA Reports 28th Fatality of 2023
MSHA reported that on Aug. 21, a crusher lid that was being moved into place at Portable Crusher #2, Pueblo, Colo., struck a miner when the rigging broke. The miner died from his injuries on Aug. 23.
Read MoreVulcan Materials Announces Senior Leadership Changes
Vulcan Materials Co. announced the following leadership changes, effective immediately. Thompson S. (Tom) Baker II (65), previously Vulcan’s chief operating officer, has been appointed to the position of president. In this role, Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company’s senior leadership Team. Baker will continue to report to Tom Hill, chairman and CEO.…
Read MoreConstruction Commodities See Increased Traffic on Great Lakes in August
Overall shipping activity for the Great Lakes in 2023 continues in lockstep with the previous year, with approximately 19.9 million tonnes of total cargo traffic traveling the seaway system for the year to date. In 2022, the total traffic to the end of August was 19.8 million tonnes. While there has been year to year variation in the traffic of…
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