Big News from Summit

July 22, 2020 – With the economic impact of COVID-19 taking its toll nationwide, many people wondered what the publicly traded aggregates companies would report for the second quarter. We have the first report, from Summit Materials, and it is a good one. For the three months ended June 27, organic sales volumes increased 2.6% in aggregates. Aggregates net revenues increased by $1.3 million to $130.0…

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Capstone Headwaters Releases Update

July 16, 2020 – Capstone Headwaters released its Industrials & Manufacturing Update, reporting that after a three-month decline that brought U.S. manufacturing activity to its lowest level since the Global Financial Crisis, the industry showed signs of slight recovery in May and June. The simultaneous Oil & Gas supply and demand shock has created unprecedented disruption, with U.S. petroleum demand in April falling to its…

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MAJOR Provides Support Through Free Virtual Training Series

MAJOR, a global manufacturer of high-performance wire screening media, offers aggregate and mining producers access to the company’s free virtual training series to help operations optimize efficiency and team learning amid the conditions caused by COVID-19. The on-demand webinars provide practical tips involving screen media, screen boxes and the screening process. Additionally, operations can request private virtual training sessions to…

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NSSGA Urges Congress to Commit to Infrastructure Investment

The National Stone, Sand & Gravel Association (NSSGA) sent a letter to leaders in both chambers of Congress stressing the urgent need for bipartisan action to support state and local governments in the next economic relief bill who are being forced to halt public works projects due to economic shortfalls as result of the Coronavirus pandemic.

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MSHA to Address Stakeholders

June 25, 2020 – Please join the Mine Safety and Health Administration for its next Quarterly Stakeholder Call on Tuesday, June 30, 2020 at 2:00 p.m. ET. Assistant Secretary David G. Zatezalo will open the call with remarks about recent developments at MSHA. The call will focus on various safety topics and include an update on the current COVID-19 pandemic. Specialists will also provide…

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Construction Labor Costs Stabilize

Engineering and Construction costs fell in June, according to IHS Markit and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 49.0 in June, falling just short of the neutral mark 50; a neutral index reading indicates responders see no change in pricing. The materials and equipment portion of the index came in at 47.2, still indicating falling…

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Improved Economic Metrics

June 23, 2020 – According to Ken Simonson, the Associated General Contractors of America’s chief economist, the Census Bureau released the results of its seventh Small Business Pulse Survey, with responses from June 7 to 13, that “is intended to provide crucial weekly data on the impact of the COVID-19 crisis on the nation’s businesses.” Again, there was modest improvement in several metrics…

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