The Dodge Momentum Index held steady in July compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial.
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Highway, Bridge Projects Will Have Impact on N.Y., N.J.
Major transportation infrastructure repair projects in the wake of 2012’s Hurricane Sandy; new bridge and road improvements in preparation for the arrival of bigger cargo ships with the 2015 expansion of the Panama Canal; and the Tappan Zee Bridge replacement will have significant impacts on the New York metropolitan area.
Read MoreStudy Quantifies Global Construction Aggregates Market
According to the new report “Global Construction Aggregates Market – Key Trends and Opportunities to 2017,” the global construction aggregates market was valued at more than $99 billion in 2012, of which the Asia-Pacific region constituted a 42.5 percent share, making it the largest regional market for construction aggregates in the world.
Read MoreVulcan Announces Second Quarter 2013 Results
Vulcan Materials announced second quarter 2013 results, and net sales increased $47 million, or 7 percent, versus the prior year. Gross profit increased $27 million, or 25 percent, from the prior year’s second quarter.
Read MoreMartin Marietta Materials Reports Second-Quarter Results
Martin Marietta Materials Inc. announced its results for the second quarter and six months ended June 30, 2013. Ward Nye, president and CEO of Martin Marietta Materials, stated: “We are pleased to report higher second-quarter net sales and gross margin compared with the prior-year quarter, which is particularly rewarding in light of excessive rainfall in most of our key markets.”
Read MoreNew Home Construction Surges in June
Sales of newly built, single-family homes surged 8.3 percent to a seasonally adjusted, annual rate of 497,000 units in June, their fastest pace in the last five years, according to data released July 24, 2013, by HUD and the U.S. Census Bureau.
Read MoreCaterpillar Announces Adjusted Outlook
Caterpillar Inc. announced on July 24, 2013, a second-quarter profit per share of $1.45, down from second-quarter 2012 profit per share of $2.54. Sales and revenues were $14.621 billion, down from $17.374 billion in the second quarter of 2012. Profit was $960 million in the second quarter of 2013, down from $1.699 billion in the second quarter of 2012.
Read MoreARTBA Issues Warning to Pennsylvania Officials
Cutting highway and bridge work by 25 percent in any given year, and then sustaining it in the years ahead, would cost Pennsylvania $1.25 billion in lost economic activity over a five-year period and put as many as 9,600 jobs permanently at risk, the American Road & Transportation Builders Association’s (ARTBA) chief economist told state lawmakers at a July 31…
Read MoreNapa Honors Industry Leaders For Operational Excellence
The National Asphalt Pavement Association (NAPA) honored the winners and finalists of its 2012 Operational Excellence Awards on July 15 during the association’s Midyear Meeting in Boston.
Read MoreJune Construction Settles Back One Percent
New construction starts in June receded 1 percent to a seasonally adjusted annual rate of $489.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building lost momentum in June after strengthening during the previous two months, and housing experienced a pause from its recent upward trend. Meanwhile, nonbuilding construction advanced in June, lifted by the…
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