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MINExpo Canceled

RR010220 MINExpoLogoMay 14, 2020 – In light of the uncertainties surrounding COVID-19 and the resulting economic fallout, MINExpo, which was scheduled to take place in Las Vegas in September, has been canceled.

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AGC Economic Update

RR051220 SimonsonMay 12, 2020 – According to Associated General Contractors (AGC) of America's Economist Ken Simonson, construction technology firm Procore released an analysis of the decline in construction work hours since March 1 by week, state, project type and contractor revenue size, based on hours tracked by Procore clients. Hours totaled 14.0 million (representing roughly 400,000 employees) during the week of March 1. The data shows worker hours have decreased 13% since the week of March 1st and held flat since the last [shelter-in-place] ordinances. As of the week of April 26, the change in hours relative to the March 1 week ranged from -69% in Michigan (a state with some of the earliest and strictest shutdown orders) to +19% in Montana (possibly reflecting seasonal weather patterns as well as government or project owners’ decisions).

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Take Action: Urge Congress to Support DoTs

RR050720 ActionMarch 7, 2020 – The National Stone, Sand and Gravel Association (NSSGA) is urging aggregates producers to support their state Department of Transportation (DoT). Without Federal assistance, state DoTs are vulnerable to disruption due to lack of funding resources. As our nation continues to adjust to the compounding impacts of the COVID-19 pandemic, it is imperative that state DoTs receive federal relief in response to significant revenue shortfalls that will impact the immediate implementation of highway and bridge projects across the country, NSSGA stated. Any interruption to state DoT execution of funds for current and future public works directly impacts the construction industry and those that produce the essential building materials necessary for such projects. The current average revenue loss for such projects is 30%. Please contact your member of Congress and ask for this federal backstop, so state DoTs can continue operations, keeping engineers and planners employed to continue surface infrastructure projects for the next 18 months.

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Vulcan's Hill Addresses COVID-19

-RR050620 Hill.VulcanMay 6, 2020 – Tom Hill, chairman and chief executive officer of Vulcan Materials Co., weighed in on COVID-19 and its impact on the company's operations in its just-released quarterly report. "The impact from the COVID-19 global pandemic continues to evolve quickly, and it is too early to estimate accurately the full-year impact on aggregates demand," he said. "Because we have been designated as an essential business, shipment activity today remains relatively strong across many of our markets as customers execute on their backlog of projects. However, we expect some project timelines will be modified as every market adjusts to economic disruptions.

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Martin Marietta Looks Ahead

RR043019 MartinMariettalogoMay 5, 2020 – Martin Marietta Materials, in its first-quarter report, said that of the company’s three primary end uses, the outlook for infrastructure construction, particularly for aggregates-intensive highways and streets, is expected to be the most near-term resilient. While the majority of the United States has currently been ordered to shelter in place, most state Departments of Transportation (DOTs) are currently operational and continue to advance transportation projects, capitalizing on the reduction of vehicles on the road and related traffic congestion. Florida, for example, recently announced plans to accelerate $2.1 billion of critical transportation projects. That said, state DOTs are experiencing lower revenue collections and states may have other short-term funding needs relating to the COVID-19 impact that may decrease the scale and/or postpone the timing of future construction. Industry representatives are actively engaging with Congress to address surface transportation infrastructure in the “Phase 4” emergency relief and economic recovery COVID-19 legislation, including an immediate $49.95 billion in flexible federal funding to offset an estimated 30% loss in state transportation revenues in the next 18 months and the passage of a comprehensive major surface transportation reauthorization package.

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