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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U.S. Asphalt Demand to Reach 26.8 Million Tons in 2019
U.S. demand for asphalt is forecast to increase 3.3 percent annually to 26.8 million tons in 2019.
Read MoreVulcan, Martin Marietta Look to Second Half of Year
Both Vulcan Materials and Martin Marietta Materials noted in their respective second-quarter results, that significant rainfall impacted what could have been even-better reports. What is the outlook for the second half of the year?
Read MoreWet Weather Rains On Vulcan’s Second Quarter Results
Vulcan Materials Co. announced results for the second quarter ending June 30, 2015. The company is reporting:
Read MoreRecord 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.”
Read MoreNSSGA 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…
Read MoreSenate 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…
Read MoreReady Mix, Cement Prices Hold Steady
Materials and equipment prices continue to drag down overall construction costs in 2015, according to IHS and the Procurement Executives Group (PEG). Prices for copper-based wire and cable, carbon steel pipe, and fabricated structural steel registered the weakest performance.
Read MoreJune Impact Inspections Hit Cement, Limestone Operation
The Mine Safety and Health Administration (MSHA) announced that federal inspectors issued 139 citations, three orders and one safeguard during special impact inspections in June at 10 coal mines and five metal and nonmetal mines.
Read MoreGeneral Shale Receives Top Virginia Award for Reclamation Efforts
North American brick, stone and concrete-block manufacturer General Shale has been recognized by the commonwealth of Virginia for exceptional reclamation efforts at a former excavation site. The company was awarded the state’s top reclamation honor for 2015, given jointly by the Virginia Department of Mines, Minerals and Energy’s Division of Mineral Mining (DMM) and the Virginia Transportation Construction Alliance (VTCA).
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