Vulcan Materials Co. Vice President, External Affairs and Corporate Communications Janet Kavinoky, a National Stone, Sand & Gravel Association (NSSGA) member, testified at the House Transportation & Infrastructure Subcommittee on Highways and Transit, the association said. In the “America Builds: Highways to Move People and Freight” hearing, Kavinoky emphasized the importance of a long-term, predictable funding plan for surface transportation…
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TRIP: Maine Motorists Lost $1.6 Billion Per Year
State and federal transportation funding increases have allowed Maine to move forward with projects to improve the condition, reliability and safety of the state’s transportation system. However, Maine continues to face significant transportation challenges. In order to continue to make needed improvements, the state will require continued, sustained and predictable funding to invest in Maine’s infrastructure, rather than relying on…
Read MoreThe Pulse – October 2024
The Pulse
THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSIS PIERRE VILLERE’S MARKET ASSESSMENT In the latest update on the construction materials industry, the AVP Pulse Index experienced a modest increase of 0.1% for the month, but continues to gain ground with steady, but not overly strong, year-over-year growth of 3.8%. Over the past 36 months, the index increased 10.5%, indicating a slight slowdown in…
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By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSIS PIERRE-VILLERE’S MARKET ASSESSMENTIn the latest update on the construction materials industry, the AVP Pulse Index experienced a modest decline of 0.7% for the month, although it experienced a strong year-ever-year growth of 5.5%. Over the past 36 months, the index increased impressively by 13.7%, indicating sustained strength within the sector. Notably, industry stocks continue to…
Read MoreThe Record-Breaking Aggregates Industry
The publicly traded companies are out with their full-year 2023 financial reports and by all accounts it was a record-breaking year. The list goes on. While vibrant market conditions continue to drive performance for aggregates operations, there is no discounting the impact of the healthy price increases that companies are also reporting. Rock Products’ pricing guru, Barry Hudson of Price…
Read MoreUSGS Releases Mineral Commodity Summaries 2024
The U.S. Geological Survey (USGS) just released its Mineral Commodity Summaries 2024 publication, an annual information source that offers capsule summaries of specific mineral commodities in the United States, including crushed stone, and sand and gravel. In its initial capsule summary, USGS notes that in 2023, the estimated total value of nonfuel mineral production in the United States was $105 billion,…
Read MoreTRIP: New Mexico Roads, Bridges Need Improvements
A lack of sufficient transportation funding will make it difficult to adequately maintain and improve New Mexico’s existing transportation system. Increased investment in transportation improvements could relieve traffic congestion, improve road, bridge and transit conditions, boost safety, and support long-term economic growth in New Mexico, according to a new report released by TRIP, a Washington, D.C.-based national transportation research nonprofit.…
Read MorePCA’s Sullivan Refines Economic Forecast at WOC
Ed Sullivan, Portland Cement Association’s (PCA) chief economist and senior vice president of market Intelligence, anticipates the U.S. economy will gradually weaken during the first half of 2024 but will likely slowly recover in the second half. Sullivan made that prediction and others for the industries at a press conference held at World of Concrete 2024 in Las Vegas. Sullivan…
Read MoreWelcome to 2024
Happy New Year, and welcome to 2024. I hope this is a banner year for all of us and we see much success up ahead in the aggregates industry. Public highway, pavement and street construction is expected to grow by double digits for the second consecutive year, increasing 16% to $126 billion in 2024 from $108.6 billion in 2023, according…
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