Kevin Yanik
FMI still sees 2014 construction growth, yet its forecast is tapered
FMI forecasted growth in both residential and commercial construction for 2014 upon releasing its third-quarter construction outlook, but the management consulting and investment banking organization reined in its expectations based on recent market developments. As part of its Q3-2013 Construction… Keep Reading
Coco Group’s purchase of Russell Group now complete
Coco Group, a Canadian aggregate producer, acquired Russell Redi-Mix Concrete, Langenburg Redi-Mix Ltd., and the Russell Group (RRMC), which provides heavy civil contracting, aggregates production, supply and hauling, excavation grading and site-preparation services. “Our heavy civil construction expertise now spans… Keep Reading
PCA economist says cement consumption growth is coming
An unusually wet spring and early summer dampened cement consumption for the first quarter of 2013, according to the Portland Cement Association (PCA), but its chief economist is still optimistic for strong growth in the construction sector in 2014 and… Keep Reading
Report: Asphalt demand to rise each year through 2017
Demand for asphalt in the United States is forecasted to increase 3.7 percent annually to 27.9 million tons in 2017, according to a Freedonia Group Inc. report. Demand is expected to advance from its low 2012 base, spurred by growth… Keep Reading
Cemex forming joint venture company with Concrete Supply
Cemex and Concrete Supply Co. entered into an agreement to form a joint venture company, which will be called Concrete Supply Co. LLC. The transaction is expected to close later this year. The joint venture, which will have a production… Keep Reading
Crushed stone production up in second quarter
An estimated 321 million metric tons (Mt) of crushed stone were produced and shipped for consumption in the United States in the second quarter of 2013, according to the U.S. Geological Survey (USGS). The 321 Mt represent a slight increase… Keep Reading
Nonresidential construction given a slight boost
FMI released its third-quarter Nonresidential Construction Index (NRCI) report, as panelists gave nonresidential construction a 0.2-point improvement over the second quarter for a score of 60.3. The score is the NRCI index's highest since the first quarter of 2009. According… Keep Reading
Program launches to address demand for equipment service technicians
Washburn Institute of Technology launched a full-time, one-year construction equipment and diesel technology-training program to provide equipment dealers and other service providers experiencing technician shortfalls with qualified diesel service technicians. The program, which Case Construction Equipment and The Victor L.… Keep Reading
Illinois congressman tours Hanson Material Service quarry
Rep. Rodney Davis (R-Ill.) visited Hanson Material Service in Nokomis, Ill., during Congress' summer recess, according to the Illinois Association of Aggregate Producers (IAAP). Plant manager Jerry Hepburn and area manager Rich Ellis, along with their crew, put together a… Keep Reading
