The Dodge Momentum Index erased the gains made over the last two months, falling 4.4 percent in July to 121.4 (2000=100). This marks the Index’s first decline in four months, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning,…
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Mine Rescue Contest to be Held in Kentucky
Kentucky Crushed Stone Association and Carmeuse Lime & Stone are two of the hosts for this year’s competition. Find out what teams have to do to win. Read more.
Read MoreHousing Markets Still Heating Up
Markets in 56 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a year-over-year net gain of seven markets. The index’s nationwide score moved up slightly to .89, meaning that based on current permit,…
Read MoreVirginia Aggregate Producers Receive Awards
The Virginia Transportation and Construction Alliance (VTCA), in conjunction with the Virginia Department of Mines, Minerals and Energy – Division of Mineral Mining, presented the following awards on July 12. Safety Awards are presented to mining operations in Virginia that have met or exceeded a benchmark of safety criteria in their day-to day plant operations. Congratulations to these recipients of…
Read MoreAggregates Revenue Increases at U.S. Concrete
U.S. Concrete Inc. reported adjusted EBITDA of $22.2 million in the second quarter of 2014, compared to $16.7 million in the second quarter of 2013. Adjusted EBITDA margin, which is adjusted EBITDA as a percentage of revenue, was 12.3 percent for the second quarter of 2014, compared to 10.6 percent in the second quarter of 2013. Net income was $7.9…
Read MoreVulcan’s Second Quarter Sales Up 9 Percent
Vulcan Materials Co. announced results for the second quarter ending June 30. Net sales increased $60 million, or 9 percent, and gross profit increased $42 million, or 32 percent, compared with the prior year.
Read MoreHighway Materials Group Urges Action On Highway Authorization
The Highway Materials Group (HMG) called on Congress to pass a multiyear transportation authorization bill following approval of a temporary patch that extends highway funding to May 2015. The coalition represents the raw-material suppliers for roads, highways and bridges.
Read MoreTRIP Report Targets Texas Road Conditions
Roads and bridges that are deficient, congested or lack desirable safety features cost Texas motorists a total of $25.1 billion statewide annually – as much as $1,800 per driver in some urban areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays. Increased investment in transportation improvements at the local, state and federal levels could relieve traffic…
Read MoreMSHA Publishes Proposed Rule On Civil Penalty Assessments
The U.S. Department of Labor’s Mine Safety and Health Administration announced it will publish a proposed rule that would amend its existing civil penalty regulations by simplifying the criteria for assessing health and safety violations and increasing emphasis on more serious safety and health conditions, thus providing improved safety and health for miners. The proposed rule was published in the…
Read MoreTerex Reports Higher Net Sales in Second Quarter
Terex Corp. announced income from continuing operations of $87.8 million, or $0.76 per share, for the second quarter of 2014. This compared to income from continuing operations of $20.4 million, or $0.17 per share, for the second quarter of 2013. Excluding the impact of certain items totaling $54.4 million, or $0.47 per share, income from continuing operations as adjusted in…
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