economics
Martin Marietta touts record third-quarter results
Martin Marietta Materials Inc. reports achieving record consolidated net sales of $1.0 billion in the third quarter, as well as an aggregates product line volume increase of 5.4 percent. The company made these announcements upon releasing its third-quarter report. "Our… Keep Reading
Quarterly revenues, profit up at Vulcan
Vulcan Materials Co. released its third-quarter results, reporting both revenue and gross profit increases over the prior year. According to Vulcan, third-quarter revenues increased 19 percent to $1.038 billion and gross profit increased 39 percent from the prior year to… 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
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
Economics Pulse: Construction materials update
The second quarter of 2015 was largely positive for the construction materials sector. Summit Materials is performing well in the public market place, stock performance has improved and volume indications are on the rise owing to the private sector. The… Keep Reading
Research firm forecasts rise in asphalt demand
The Freedonia Group released a study, “Asphalt,” that forecasts U.S. demand for asphalt to increase 3.3 percent annually to 26.8 million tons in 2019. According to the study, asphalt demand will be ignited by a rebound in building construction expenditures,… Keep Reading
Commercial, multifamily construction starts in NYC lead the nation
According to Dodge Data & Analytics, a ranking of the top U.S. metropolitan areas by the dollar amount of new commercial and multifamily construction starts shows the New York City metropolitan area leading the nation during the first half of… Keep Reading
Polaris Materials opens aggregates terminal in Long Beach
Polaris Materials Corp. opened an aggregates terminal in the Port of Long Beach in California. According to Polaris, the terminal took its first delivery July 19 from a self-discharging Panamax ship carrying 77,000 tons of agggregates from the company's Orca… Keep Reading
June construction starts retreat 15 percent
New construction starts in June dropped 15 percent from the previous month to a seasonally adjusted annual rate of $620.2 billion, according to Dodge Data & Analytics. The decline followed an especially strong May, the company says. Nonbuilding construction in… Keep Reading
