Reps. Conor Lamb (D-Pa.) and Bob Gibbs (R-Ohio), both members of the House Committee on Transportation and Infrastructure, led a coalition of bipartisan members in a letter to House leadership encouraging support for state Departments of Transportation (DOTs) in the next package of COVID-19 relief legislation. This aid will help critical infrastructure projects move forward, while also keeping other critical state…
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Rural Roads Report Details Ominous Conditions
America’s rural transportation system is in need of repairs and modernization to support economic growth and improve traffic safety in the nation’s Heartland, but the United States faces a $211 billion backlog in funding for needed repairs and improvements to the rural transportation system. This is according to a new report released by TRIP, a national transportation research nonprofit.
Read MoreCEMEX Funds Development of Personal Protective Equipment
CEMEX USA announced a grant award by its philanthropic arm, the CEMEX Foundation, to Houston-based nonprofit TX/RX Labs to fund efforts to develop and make critically-needed personal protective equipment (PPE) such as face masks, face shields and intubation boxes to aid medical professionals, first responders – including police, firefighters and other public servants – and community members in the fight…
Read MoreGranite Says Financial Drivers Healthy, Stable
Granite Construction Inc. provided an update regarding the company’s operations and the impacts of the COVID-19 pandemic along with first quarter 2020 preliminary select financial information.
Read MoreDodge Momentum Index Trips on COVID-19 in April
The Dodge Momentum Index moved 6.0% lower in April to 135.9 (2000=100) from the revised March reading of 144.5. The Momentum Index, issued by Dodge Data & Analytics, 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. Both components of the Momentum Index pulled…
Read MoreVulcan’s Hill Addresses COVID-19
May 6, 2020 – Tom Hill, chairman and chief executive officer of Vulcan Materials Co., weighed in on COVID-19 and its impact on the company’s operations in its just-released quarterly report. “The impact from the COVID-19 global pandemic continues to evolve quickly, and it is too early to estimate accurately the full-year impact on aggregates demand,” he said. “Because we have…
Read MoreMartin Marietta Looks Ahead
May 5, 2020 – Martin Marietta Materials, in its first-quarter report, said that of the company’s three primary end uses, the outlook for infrastructure construction, particularly for aggregates-intensive highways and streets, is expected to be the most near-term resilient. While the majority of the United States has currently been ordered to shelter in place, most state Departments of Transportation (DOTs) are currently…
Read MoreCEMEX Implements More Than 50 New Hygiene and Safety Protocols
CEMEX has implemented more than 50 new hygiene and safety protocols to minimize the risk of COVID-19 contagion in its cement, ready-mixed concrete and aggregates operations across the world. The company’s operations are in strict adherence to the authorities´ regulations, recognizing the importance of the construction industry in supporting the maintenance and service of essential infrastructure required to face the…
Read MoreLafargeHolcim Achieves Resilient First-Quarter Results Amid COVID-19
LafargeHolcim had a strong start to the year as its first-quarter performance remained well ahead of last year’s results until mid-March, when the impact of COVID-19 spread beyond China into all business regions, the company reported. Nevertheless, first-quarter results remained resilient with net sales down 3.3% and Recurring EBIT down 2.6% compared to the prior-year period, both on a like-for-like basis.
Read MoreSummit Evaluates Direction Forward
April 29, 2020 – While COVID-19 is not having a major impact – yet – on current business conditions, companies are certainly putting future plans on hold and evaluating expansion opportunities. Summit Materials in its first-quarter report noted, “Summit is withdrawing its previously announced 2020 Adjusted EBITDA guidance until the company has better visibility into the extent of economic disruption related…
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