Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively. Conversely, nonresidential building starts gained 8% during the month. Highway and bridge starts improved 6% in October. Year-to-date through October 2023, total construction starts were 4% below that of 2022.…
Read MoreMonth: November 2023
Martin Marietta to Divest South Texas Cement, Related Concrete Operations
Martin Marietta Materials Inc. announced that it has entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
Read MoreCaterpillar to Develop Hydrogen-Hybrid Power Solution for Off-Highway Vehicles
Caterpillar announced the launch of a three-year program to demonstrate an advanced hydrogen-hybrid power solution built on its new Cat C13D engine platform. Starting in the first quarter of 2024, Caterpillar will develop a transient-capable system for off-highway applications. The project will demonstrate how state-of-the-art control systems and electric-hybrid components can help hydrogen-fueled engines meet or exceed the power density…
Read MoreThe AVP Pulse Index for November
Nov. 21, 2023 – The AVP Pulse Index this month dropped 0.7% month-over-month, while increasing 2.9% year-over-year. The proprietary AVP Pulse Index – a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products – illustrates the health of the industry in one single trend line, using relevant data that is updated monthly or quarterly. “I get asked what the…
Read MoreCat Debuts First Diesel Electric Underground LHD
Built on the platform of its most popular underground loaders, the new R2900 XE is the first Cat diesel electric underground LHD. It’s a productive, powerful, reliable machine built to meet the underground mining industry’s need for bigger payloads, faster loading and reduced emissions, according to the company.
Read MoreMSHA Issues Cold Weather Health & Safety Alerts
MSHA is advising that cold weather can cause cold stress, which can lead to hypothermia, frostbite and other severe injuries, and illnesses.The agency recommends the following best practices: Monitor your physical condition and that of your coworkers. Wear appropriate clothing. Wear clothing that allows a full range of motion necessary for the tasks of the work. Move into warm locations…
Read MoreEvoQuip Delivers 1,000th Machine
EvoQuip is celebrating the delivery of its 1,000th machine to customers around the world. “We are excited to celebrate this significant milestone – it is a clear reflection of the hard work and dedication of our entire team,” said Barry O’Hare, business line director of EvoQuip. “EvoQuip has been on a journey of continued growth since it was established in…
Read MoreCASE Adds Dealer to North America Network
CASE Construction Equipment welcomed a new dealer to its North America network – CASE Power & Equipment of Pennsylvania, part of the Alta Equipment Group. It will initially service the Pittsburgh area through two strategically planned locations in Cranberry Township and Belmont, with plans to expand into Central Pennsylvania.
Read MoreLeeBoy, Portable Electric Advance Electrification in the Paving Industry
Commercial asphalt paving equipment manufacturer LeeBoy, and Portable Electric (PE), a manufacturer of portable and mobile e-Chargers and e-Generators, are working together to advance the electrification of the asphalt paving industry.
Read MorePACA Announces New Board of Directors
The Pennsylvania Aggregates and Concrete Association (PACA), the leading voice for the crushed stone, ready mixed concrete, sand and gravel, and cement industries in Pennsylvania, announced the board of directors elected at its annual meeting.
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