Illinois Law Addresses Underground Inspections; Reclamation Bonds

The Illinois legislature passed, and Gov. Bruce Rauner signed House Bill 123, a joint initiative of the Illinois Association of Aggregates Producers (IAAP) and the Illinois Department of Natural ResourcesDepartment of Natural Resources (IDNR).

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June Construction Spending Ticks Up; Highways Rise

The U.S. Census Bureau of the Department of Commerce announced that construction spending during June 2015 was estimated at a seasonally adjusted annual rate of $1,064.6 billion, 0.1 percent (±1.5 percent) above the revised May estimate of $1,063.5 billion. The June figure is 12.0 percent (±2.1 percent) above the June 2014 estimate of $950.3 billion.

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Record Rainfall Dampens Martin Marietta’s Q2 Results

Martin Marietta Materials Inc. announced its results for the second quarter ended June 30, 2015. The company is reporting consolidated net sales of $850.2 million compared with $601.9 million a year earlier, an increase of 41 percent. The company is also framing its results as “record net sales and operating earnings, despite the record rainfall experienced in its market areas.”

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NSSGA Welcomes Senate Passage of DRIVE Act

The National Stone, Sand & Gravel Association (NSSGA) welcomed the Senate’s approval of the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, the first six-year authorization of surface transportation funding to be produced in a decade. NSSGA hopes that Congress will use this surface transportation bill as a blueprint for a long-term investment in America’s aging infrastructure…

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Senate Passes Six-Year Transportation Authorization

By a bipartisan vote of 65-34, the U.S. Senate passed a six-year surface transportation authorization. Passage of the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act represents a major step toward completion of a robust highway bill this fall. Co-sponsored by Senators James Inhofe (R-Okla.), Barbara Boxer (D-Calif.), David Vitter (R-La.), and Tom Carper…

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