The Chamber of Marine Commerce (CMC) unveiled a 2022 wish list for legislative and policymakers to work in partnership with industry to ensure the Great Lakes-St. Lawrence River transportation corridor remains a resilient supply chain and at the forefront of marine innovation to meet ambitious goals of reaching net zero carbon emissions by 2050. The policy wish list comes as…
Read MoreTag: Construction materials
Granite Celebrates 100th Anniversary
Granite celebrated its centennial on Jan. 4. Founded 100 years ago in Watsonville, Calif., Granite has grown into one of our nation’s largest civil infrastructure contractors and construction materials producers. Granite works in multiple end-markets from Guam to Alaska to Florida and many points in between. Granite President and CEO Kyle Larkin wrote the following open letter to mark this occasion:
Read MoreNew Sand and Gravel Wash Plant an All-Star Solution for Alabama Deposit
All Star Sand & Gravel, a family-owned and operated business based in Winfield, Ala., has announced plans for the development of a new state-of-the-art CDE wet processing solution for their sand and gravel pit in Marion County.
Read MoreKnife River Acquires Two Oregon Construction Materials Producers
Knife River Corp. has acquired Baker Rock Resources and Oregon Mainline Paving, two premier construction materials companies that expand Knife River’s platform in the Pacific Northwest. Knife River is the construction materials subsidiary of MDU Resources Group Inc.
Read MoreGranite Reports Solid Third Quarter
Granite Construction announced results for the third quarter ended Sept. 30, reporting that net income increased to $35.0 million, or $0.73 per diluted share, compared to a net loss of $91.2 million, or $2.00 per diluted share, for the same period last year. The company also reported:
Read MoreMarket Factors Contribute to Down Quarter for MDU
MDU Resources Group Inc. reported third-quarter earnings of $139.3 million, or 68 cents per share, compared to third-quarter 2020 earnings of $153.1 million, or 76 cents per share. For the nine months ended Sept. 30, MDU Resources earned $291.6 million, or $1.44 per share, compared to $277.9 million, or $1.39 per share, in 2020.
Read MoreMaterials Prices Still Rising
Aug. 31, 2021 – According to Ken Simonson, Associated General Contractors’ chief economist, materials prices continue to rise for a variety of inputs. Vulcan Materials Co. notified customers it “will implement 2022 price increases at or near 11% across our markets, with less flexibility than you may have been accustomed to in the past.” On Aug. 13, USG notified customers it would increase prices effective…
Read MoreMaterials Prices Keep Rising
August 16, 2021 – According to Ken Simonsen, chief economist at Associated General Contractors, construction materials costs continued to outstrip bid prices in the 12 months ending in July despite a recent drop in lumber and copper prices. The producer price index (PPI) for new nonresidential building construction – a measure of the price that contractors say they would charge to build a…
Read MoreMDU Resources Sees Strong Demand in Materials Business
MDU Resources Group Inc. reported second quarter earnings of $100.2 million, or 50 cents per share, compared to second quarter 2020 earnings of $99.7 million, or 50 cents per share. For the six months ended June 30, MDU Resources earned $152.3 million, or 76 cents per share, compared to $124.8 million, or 62 cents per share, in 2020.
Read MoreArcosa Acquires Southwest Rock Products
Arcosa has acquired Arizona-based Southwest Rock Products LLC and affiliated entities for $150 million. Southwest Rock is a pure-play natural aggregates company serving the greater Phoenix metropolitan area with five active sand and gravel locations and one hard rock quarry producing approximately five million annual tons of construction aggregates.
Read More