construction
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
Construction, materials companies consolidate
Three Mid-Atlantic materials production and heavy civil construction management companies – American Infrastructure, Allan A. Myers and Independence Construction Materials – are consolidating under one name, Allan Myers. “We’re really just formalizing something that has already happened naturally through doing… Keep Reading
FMI Q2 Construction Outlook forecasts 5 percent growth
According to FMI Corp.’s Q2 Construction Outlook, construction activities are expected to grow at 5 percent in 2015, a decrease from the Q1 2015 outlook’s 8 percent forecast. Despite this, the Q2 outlook reports the highest total for construction put… Keep Reading
Firm scales back 2015 construction outlook
Construction activities are expected to grow at 5 percent this year, FMI Corp. reports, leveling off from a previous forecast of 8 percent that the firm produced. Although the new prediction is significantly lower than last quarter, FMI reports that… Keep Reading
