Rock Products Sponsors Award at Young Leaders Meeting

The National Stone, Sand and Gravel Association (NSSGA) celebrated its 25th Young Leaders Annual Meeting at the Sheraton Grand at Wild Horse Pass in Chandler, Ariz., last month. Industry leaders imparted advice to a record crowd of more than 200 people, including Rock Products Associate Editor Josephine Smith and Director of Sales Sean Carr.

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Caterpillar Sales, Revenues Rise in First Quarter

Caterpillar Inc. announced first-quarter 2017 sales and revenues of $9.8 billion, compared with $9.5 billion in the first quarter of 2016. First-quarter 2017 profit per share was $0.32, compared with $0.46 per share in the first quarter of 2016. Excluding restructuring costs, first-quarter 2017 profit per share was $1.28, double first-quarter 2016 profit per share excluding restructuring costs of $0.64 per share.

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Tennessee Road Conditions Cost Motorists Billions

Roads and bridges that are deteriorated, congested or lack some desirable safety features cost Tennessee motorists a total of $6 billion statewide annually – as much as $2.019 per driver in some areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays. Increased investment in transportation improvements at the local and state levels could relieve traffic congestion, improve road, bridge and transit conditions, boost safety, and support long-term economic growth in Tennessee, according to a new report released by TRIP, a Washington, D.C.-based national transportation organization.

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Rogers Group Buys a Prison

Rogers Group Inc. has paid the state of Tennessee $12.1 million for a 119-acre vacant former prison in West Nashville, according to a report in The Tennessean.

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New Home Starts Dip in March; Higher for Year

Following an elevated February reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Still, new housing production in the first quarter of this year is running 8.1 percent above the pace in 2016.

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