economy
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
Intriguing market opportunity
Reclaimed asphalt pavement is gaining momentum in U.S. Unless you’ve been living under a rock – no pun intended – you know that the reclaimed asphalt pavement (RAP) market is booming. The RAP concept makes sense. Even at the end… Keep Reading
CRH to purchase Lafarge, Holcim assets for $7.4 billion
Irish cement maker CRH has agreed to pay $7.4 billion for the Lafarge and Holcim assets, says an article on Reuters. This purchase will make CRH the world’s third-largest building materials supplier and the largest building supplier in central and… Keep Reading
Firm: November year’s strongest month for nonresidential building plans
The Dodge Index, a monthly measure of the first report for nonresidential building projects in planning, increased 13 percent in November from the previous month, according to Dodge Data & Analytics. The November increase brings the momentum index to 143,… Keep Reading
Lafarge and Holcim set to receive merger approval
Lafarge and Holcim are set to receive the European Union’s approval for their merger deal to create the world’s largest cement maker, says an article on Reuters. According to the article, the two companies have already offered to sell business… Keep Reading
AEM awards 34 companies with Pillar of the Industry awards
The Association of Equipment Manufacturers (AEM) named 34 companies to receive its Pillar of the Industry awards. The companies who receive this award are member companies that have achieved gold-level status in the AEM’s “I Make America” campaign, which promotes… Keep Reading
FMI outlook says economy slowly improving
FMI released its Q3-2014 Construction Outlook, which anticipates slow growth in the economy. This forecast is attributed to the relatively low energy prices, low inflation, unemployment holding around 6.2 percent and GDP slowly growing. In addition to this, consumers are… Keep Reading
Highway bill, MSHA inspections top of mind at Pit & Quarry event
The annual Pit & Quarry Roundtable & Conference was held Aug. 27-28 in Cleveland, where aggregate producers and manufacturers participated in discussions on the recently passed highway bill, MSHA, the economy's impact on their businesses and more. In addition to… Keep Reading
Economist expects recovery to continue into 2013
In a 2013 construction forecast released Dec. 4, ABC Chief Economist Anirban Basu predicted nonresidential construction spending to expand 5.2 percent next year, with much of the expansion coming from privately financed projects. “With the elections now behind us, the… Keep Reading
