Shares of construction-materials companies powered higher in the days after the presidential election, with some climbing the ladder to all-time highs, amid expectations that a Donald Trump presidency will line the pockets of road and bridge fixers and the potential builders of his border wall.
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Record Number of State and Local Ballot Measures Approved
Preliminary November 8 election results show voters in 22 states approved ballot measures that will provide $201 billion in funding extensions and new revenue for state and local transportation projects.
Read MoreTrump Victory Could Mean Massive Growth for Infrastructure
Now that Donald Trump has secured victory in the U.S. presidential election, what does that mean for infrastructure investment and aggregates industry growth?
Read MoreMDU Resources Reports Record Construction Materials Earnings
MDU Resources Group Inc. reported third-quarter earnings from continuing operations of $88.2 million, or 45 cents per common share, compared to earnings from continuing operations of $73.7 million, or 38 cents per common share, for the third quarter of 2015.
Read MoreConstruction Spending Dips in September; Highways Rise
The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3 percent) below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8 percent) below the September 2015 estimate of $1,152.1 billion.
Read MoreMartin Marietta Scores Record Sales, Profits and Earnings
Martin Marietta Materials Inc. reported results for the third quarter ended Sept. 30, 2016. The company set new records for consolidated net sales, gross profit and net earnings, even as aggregates product line shipments to the infrastructure market, which comprised 42 percent of quarterly volumes, decreased 7.2 percent. Infrastructure shipments in the third quarter were impacted by significant rainfall and…
Read MoreInfrastructure as an Issue
Oct. 24, 2016 – Well, Donald Trump and Hillary Clinton agree on one thing: Our roads and bridges are a mess. According to news reports, Trump finally produced an infrastructure document. He says he would get a bill introduced during his first 100 days in office that would “spur $1 trillion in infrastructure investment over 10 years.” Trump promises the…
Read MoreGraymont Concludes Deal to Create Park with Overburden
Graymont announced that agreements have concluded with three Canadian municipalities involved with the Bedford Heritage Project, “a crucial step in the realization of a unique initiative that will help ensure the continuing long-term operation of one of the largest employers in the region,” the company said.
Read MoreGroups Press Candidates on Infrastructure Funding
Thirty-four of the nation’s leading business, labor, transportation and travel groups called on both major party presidential candidates to include long-term, sustainable funding measures as part of their infrastructure plans and are offering to help get those plans enacted in letters sent to both campaigns this week. The various groups said that finding ways to pay for future improvements to…
Read MoreManufacturers Challenge Next President: Close $1 Trillion Infrastructure Gap
The National Association of Manufacturers (NAM), the largest manufacturing association in the United States, released “Building to Win,” an ambitious, new initiative to revitalize the nation’s failing infrastructure. In a vote by the 121-year-old association, the initiative was unanimously adopted by the NAM board of directors.
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