Aggregates Production Dips in Second Quarter

An estimated 606 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2017, a slight decrease compared with that of the second quarter of 2016, according to Jason Willett, crushed-stone commodity specialist for the U.S. Geological Survey (USGS). The estimated production for consumption in the first…

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Vulcan Materials Acquires Polaris Materials

Vulcan Materials Co. has reached a definitive agreement to acquire Polaris Materials Corp., an aggregates and logistics company that serves key California markets from strategically situated operations in British Columbia, Canada. The Polaris business includes a high-capacity aggregates processing plant and deep water port on Vancouver Island along with associated long-term aggregate reserves and five distribution yard outlets in the…

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New Home Sales Pull Back in July After Strong Spring

Sales of newly built, single-family homes in July fell 9.4 percent to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. Meanwhile, year-to-date, new home sales are…

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Caterpillar Second Quarter Revenues Up $1 Billion

Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…

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Indeco Names Two New Dealers

Indeco North America, a provider of fuel-saving hydraulic breakers, compactors, steel shears, crushers, grabs and pedestal booms, added two new official dealers – Gibson Machinery, LLC and W.I. Clarke – to its ever-expanding distribution network. Bill Pankracij, Indeco North America PR analyst, noted, “Indeco is pleased to partner with W.I. Clark and Gibson Machinery. As dealers with many years of experience in…

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