Deere & Co. sales and income reached new single-quarter records, according to the company. Net income was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year.
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Minerals Bill Heads to Committee Mark-Up
The House Natural Resources Committee scheduled a markup for Rep. Mark Amodei’s (R-Nev.) National Strategic and Critical Minerals Production Act (H.R. 761) for the morning of May 15, according to the National Stone, Sand and Gravel Association. Aimed at making America less dependent on foreign “critical and strategic” minerals, including aggregates, the bill is identical to the one passed by the…
Read MoreHousing Starts Slip in April
A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month,…
Read MoreVulcan, Martin Marietta Look Forward
Vulcan Materials and Martin Marietta Materials, in their respective quarterly reports, looked ahead to the rest of the year.
Read MoreMSHA, U.S. Lime Reach Settlement in Mine Death
The U.S. Department of Labor’s Mine Safety and Health Administration announced that it has reached a settlement of $211,002 with U.S. Lime Co. in the May 2010 death of a maintenance manager at St. Clair Mine in Marble City, Okla. The settlement involves 39 citations and orders issued in the wake of the accident and during subsequent mine inspections.
Read MoreDodge Momentum Index Grows in April
The Dodge Momentum Index rose 5.2 percent in April from the previous month, 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, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreOntario Budget Delivers Infrastructure Investment
The Association of Municipalities of Ontario (AMO) welcomed the Ontario budget’s proposed investments in infrastructure, such as roads, bridges and public transit.
Read MoreGranite Construction Report Positive Despite Loss
Despite higher first-quarter revenues and a growing work backlog, Granite Construction reported a loss of 57 cents per share in its most recent quarterly report. The economy and sluggish building climate continue to challenge the publicly owned company, one of the nation’s largest infrastructure contractors and construction-materials producers.
Read MoreNSSGA Touts National Transportation Week
The National Stone, Sand and Gravel Association salutes everyone involved in the transportation industry during National Transportation Week, May 12-18, 2013. This year’s theme, “Transportation – The World is Right Next Door,” should serve as a reminder to all that transportation is a key component in assuring the nation’s economic growth, global competitiveness and freedom of mobility cherished by all…
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