construction
Michigan Aggregates Association names president
The Michigan Aggregates Association (MAA) appointed Doug Needham as its president. Needham succeeds Mike Newman as the association's president. According to MAA, Newman led the association for more than 20 years. Needham plans to start his position as MAA president… Keep Reading
FMI forecast revised to incorporate more potential growth
Construction activities are forecasted to grow at 6 percent through 2015, up from a second-quarter forecast of 5 percent, according to the latest FMI construction outlook. Construction growth is not only predicted to rise this year, but it is expected… Keep Reading
Cat announces several major cost reduction plans
Caterpillar Inc. announced several major cost reduction plans to lower Cat's operating costs by about $1.5 billion. Cost reduction plans include cutting jobs, creating a retirement enhancement plan and reorganizing several divisions. Cat says this year is the company’s third consecutive… Keep Reading
Highway funds expected to last into next summer
The U.S. Department of Transportation (DOT) updated its Highway Trust Fund ticker to report that the federal government is unlikely to run out of money for infrastructure projects until June 2016. Congress passed an $8 billion Highway Trust Fund extension… Keep Reading
Report quantifies transportation projects’ effects on economy
An American Road & Transportation Builders Association report (ARTBA) finds that the money invested in transportation construction industry employment and purchases generates nearly $510 billion in annual U.S. economic activity. According to ARTBA, that figure accounts for 1.6 percent of… Keep Reading
Five-year U.S. construction outlook positive
Timetric’s Construction Intelligence Center forecasts that the U.S. construction industry will likely grow over the next five years. The center predicts the construction sector’s average annual growth is set to accelerate from 1.7 percent during its review period to 3.1… Keep Reading
Study says global demand for cement to reach 5.2 billon metric tons in 2019
World Cement, a study conducted by The Freedonia Group, projects world demand for cement to rise 4.5 percent per year to 5.2 billion metrics tons in 2019. In value terms, this means global demand for cement will advance 7 percent… Keep Reading
New construction starts hold steady in July
According to Dodge Data & Analytics, new construction starts in July remained unchanged from June at a seasonally adjusted annual rate of $629.4 billion. The Dodge Momentum Index also remained at 133. In July, nonresidential building rose 2 percent to… Keep Reading
Vulcan reveals second quarter progress
Vulcan Materials has released its second quarter 2015 results. Compared to the second quarter of 2014, Vulcan’s total revenues increased $104 million, or 13 percent, to $895 million. Gross profit increased $60 million, or 34 percent, to $234 million as… Keep Reading
