According to the U.S. Census Bureau, construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, 0.4% (±1.2%) above the revised August estimate of $1,988.3 billion.
Read MoreDay: November 1, 2023
AGC’s Sandherr to Retire; Shoaf To Become CEO
Stephen E. Sandherr announced his retirement as chief executive officer of the Associated General Contractors of America (AGC), effective March 31, 2024. Sandherr has been CEO of the association for the commercial construction industry for 27 years and has served it for 37 years in various capacities. The association also announced that its current chief operating officer, Jeffrey Shoaf will serve…
Read MoreGet the Right Quarry Machines with Komatsu’s Help
Successful quarry operations depend on choosing the right tools and solutions for your unique operations. We have the expertise to evaluate your goals and pair you with the equipment, smart technology and ongoing support you need. Discover how the Komatsu quarry team of experts can work with you to match loading tools with trucks, fleets to production goals and other…
Read MoreMartin Marietta Looks Ahead
Nov. 1, 2023 – In its just released quarterly report, Martin Marietta Materials provided a preliminary look at what it expects in 2024. The company stated, “Aggregates shipments are expected to be relatively flat, as strong demand from public infrastructure and heavy nonresidential projects of scale will partially offset an anticipated softening in the interest-rate sensitive, private light nonresidential and…
Read MoreUnited States Lime & Minerals Revenues Rise for Quarter, Year
United States Lime & Minerals Inc. reported third quarter 2023 results. The company’s revenues in the third quarter 2023 were $74.9 million, compared to $66.5 million in the third quarter 2022, an increase of $8.4 million, or 12.7%. For the first nine months 2023, the company’s revenues were $215.6 million, compared to $177.9 million in the first nine months 2022,…
Read MoreMartin Marietta Aggregates Shipments Decrease, Profits Up
Martin Marietta Materials Inc. released results for the third quarter ended Sept. 30. The Building Materials business generated record revenues of $1.9 billion, a 10.5% increase. Gross profit increased 38.4% to a record of $649.5 million.. Third-quarter aggregates shipments decreased 7.3%, as softer demand in certain Midwest and Southwest markets was partially offset by continued strength in key Southeast markets.…
Read MoreRegistration Now Open for NSSGA’s 2024 Annual Convention; AGG1
The National Stone, Sand & Gravel Association’s (NSSGA) 2024 Annual Convention and the AGG1 Aggregates Academy & Expo registration is now open. The March 23-26, 2024, meeting will return to the Nashville Omni with AGG1 and the World of Asphalt Show and Conference being held across the street at the Music City Center on March 25-27. “Running congruently, NSSGA’s 2024…
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