United States Lime & Minerals Inc. reported fourth quarter and full year 2023 results. The company’s revenues in the fourth quarter 2023 were $65.7 million, compared to $58.3 million in the fourth quarter 2022, an increase of $7.4 million, or 12.7%. For the full year 2023, the company’s revenues were $281.3 million, compared to $236.2 million in the full year…
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First Look – February 2024
TOP NEWS CRHCaterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number-one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. Summit MaterialsSummit Materials shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based…
Read MorePeckham Industries Acquires Terminal Assets of Gorman Group
Peckham Industries Inc. acquired the Gorman Group’s liquid asphalt terminal assets, as part of a larger transaction wherein the entirety of the Gorman Group is being sold. Located in Rensselaer N.Y., the terminal is the largest privately held asphalt terminal on the East Coast. The acquisition will provide Peckham with additional opportunities in the New York/New England region, supplying both…
Read MoreMSHA Impact Inspections Target 16 Mines in 11 States in December
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) completed impact inspections at 16 mines in 11 states in December 2023, issuing 247 violations. The agency began conducting impact inspections after an April 2010 explosion in West Virginia at the Upper Big Branch Mine killed 29 miners. MSHA’s impact inspections in 2023 identified 2,739 violations,…
Read MorePresident Hails Infrastructure Investments at Wisconsin Event
During a press event at the Earth Rider Brewery in Superior, Wis., President Joe Biden highlighted a $1 billion grant award to the Blatnik Bridge project, which will replace the original structure built in 1961 with a new design that will not only handle higher volumes of motor vehicle and freight traffic but more safely accommodate bicyclists and pedestrians as…
Read MoreHolcim to Spin Off North American Business by 2025
Holcim announced its intent to publicly list its North American business in the United States with a full capital market separation. This process “will create the leading pure-play building solutions company in the region,” the company stated. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its…
Read MoreTRIP: New Mexico Roads, Bridges Need Improvements
A lack of sufficient transportation funding will make it difficult to adequately maintain and improve New Mexico’s existing transportation system. Increased investment in transportation improvements could relieve traffic congestion, improve road, bridge and transit conditions, boost safety, and support long-term economic growth in New Mexico, according to a new report released by TRIP, a Washington, D.C.-based national transportation research nonprofit.…
Read MoreIME’s Hoffman Recognized with ISEE President’s Award
The Institute of Makers of Explosives’ (IME) senior director of scientific and regulatory affairs, Dr. Joshua Hoffman, was presented with the prestigious ISEE President’s Award at the opening session of the International Society of Explosives Engineers (ISEE) 2024 Annual Conference. A professional engineer and licensed blaster, Hoffman is a lifetime member of ISEE and has served on a number of…
Read MorePermitting Update: Kentucky
Carroll Fiscal Court on Tuesday approved the sale of its Ohio River mineral rights — permission to dredge the county’s portion of the river bottom for sand and gravel — to Nugent Sand Company. Nugent President Tom Nugent, Vice President of Operations Damon Hughes, Operations Manager Clay Ferris and attorney Ruth Baxter were at the court’s regular meeting on Tuesday…
Read MoreMemphis Stone & Gravel Initiates MLK Days Of Service
Memphis Stone & Gravel team members were thwarted by inclement weather on Jan. 15, the date of its highly-anticipated 10th annual MLK Day of Service. While the winter forecast brought an added challenge to the day’s planning, its team did what they do best: adapt. As such, this annual Day of Service tradition will be carried out as “Days of Service.”…
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