Satyam Panday, chief U.S. and Canada Economist, S&P Global Ratings, said, “We look ahead to the first major inflation reading of 2025 this week. We estimate the headline consumer price index (CPI) rose 20 basis points (bps) in January, resulting in an unchanged year-over-year rate of 2.9%. Core CPI inflation likely ticked down to 3.1% on a year-over-year basis, the…
Read MoreDay: February 10, 2025
Economist Ed Sullivan to Depart PCA
Feb. 10, 2025 – One of the top economists in the industry is stepping down. Ed Sullivan, senior vice president of market intelligence and chief economist, announced his resignation from the Portland Cement Association (PCA), effective March 1. His economic forecasts have long been a mainstay of the construction-materials industry. “After 22 years, I have resigned from PCA as chief…
Read MoreCemex USA Chief Muguiro To Succeed Parent Company CEO González
Cemex directors have appointed Jaime Muguiro to replace retiring CEO Fernando González, a 35-year veteran of the global cement, aggregate and concrete producer, effective April 2025. “In over a decade as CEO, Fernando has led Cemex to great success, and he will leave us with a company that is an industry leader in sustainability, innovation, and digitalization to better serve…
Read MoreThe Wirtgen Group Presents World Premieres at AGG1/World of Asphalt
The Wirtgen Group will present several world premieres at AGG1/World of Asphalt. The focus at this year’s World of Asphalt is set on the group’s innovative and market-driven solutions for a broad spectrum of applications. The company develops market-relevant products and services for the entire road construction process chain. The Wirtgen Group and John Deere will be presenting a representative…
Read MoreSRM Concrete Acquires Jonel Engineering
After a decade of unprecedented expansion in ready mixed and aggregate production, cement distribution and mixer truck manufacturing, SRM Concrete has entered the plant control and fleet dispatch software arena with the acquisition of Jonel Engineering.
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